MoonPay sets a new Solana transaction record twice within 48 hours
On November 19, MoonPay announced a remarkable 295% surge in SOL activity, driven by the recent cryptocurrency boom. By 11 a.m. Eastern Time on November 20, MoonPay had shattered the record set just a day earlier.
Solana’s historic day: MoonPay processed more SOL transactions in a single day on November 20 than the total volume recorded throughout the entire month of November 2023. This milestone underscores Solana’s growing dominance in the crypto space.
The November 19 milestone highlighted a staggering 295% increase in MoonPay’s daily Solana transaction average for 2024, underscoring the rising interest in Solana as a leading decentralized financial ecosystem.
MoonPay’s Strategic Partnerships Driving Growth
This surge in activity reflects MoonPay’s expanding footprint in the Solana network, bolstered by partnerships with major platforms like PayPal. These collaborations have streamlined the onboarding process for new users, enabling effortless crypto purchases and interactions with DeFi applications and NFTs.
Why Solana is Attracting Attention
Solana’s growing popularity can be attributed to its lightning-fast transaction speeds and low fees, making it a top choice for both retail and institutional investors. MoonPay’s record-breaking performance signals increasing adoption of Solana’s blockchain across diverse use cases, including gaming, NFTs, and decentralized finance (DeFi).
