Solana has been ranked as the leading blockchain in a payment index evaluating P2P transfers, remittances, merchant payments, and fintech infrastructure, according to payment data scientist Alex. Solana is noted for its balanced performance, though it lags behind Ethereum and Tron in stablecoin liquidity. Polygon follows in second place, excelling in cost, speed, and reliability, with the highest adoption rate, but also faces challenges with stablecoin liquidity.
Stellar ranks third, performing well in cross-border transfers and remittances, but its stablecoin ecosystem is limited, with a supply of only $2 billion. Tron is fourth, dominating stablecoin transaction volumes, especially in large and cross-border flows, but its fee structure limits small retail payments. Ethereum, holding 55% of the global stablecoin supply, ranks fifth due to underlying user experience issues that make it less suitable for everyday payments.
Solana Tops Blockchain Payment Index, Ethereum Ranks Fifth
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