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Solana Surges Past Ethereum in Developer Growth, Payments, and DeFi, Says 21Shares

  • Solana recorded $364 billion in transaction volume in the first two months of 2025, surpassing Ethereum and Coinbase combined.
  • The network now supports over 100 million monthly active users due to its fast performance and low fees.
  • Key institutional players like Visa, Shopify, and Stripe are settling stablecoin transactions on Solana, with PayPal and First Digital holding over $100 million in Solana assets.
  • Solana's stablecoin supply has increased by 600% YoY, reaching over $12 billion in Q1 2025, driven by utility in AI applications, payments, and Web3 services.

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