Posted 4/9/2024, 8:41:02 PM
Solana Leads Ethereum in Stablecoin Payments But Scalability Concerns Persist for Mainstream Adoption
- Solana dominates Ethereum in stablecoin payment volume with 43% market share vs 26% for Ethereum
- Solana would need 15-20x growth to meet scalability needs for consumer payments
- Solana became popular after integrations with Visa and Shopify for payments
- Solana has not yet broken into mainstream consumer or business payments
- Despite ties to FTX, Solana grew in market cap and SOL price after FTX collapse
