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- Solana recorded more than 171 million daily non-vote transactions, while real-user TPS reached about 2,000.
- MoneyGram’s partnership strengthens Solana’s payments narrative as stablecoin-based payment activity expands.
- USDT liquidity on Solana rose nearly 19%, adding another factor to watch across the network’s DeFi ecosystem.
Solana is entering the third quarter with several parts of its ecosystem moving in the same direction: payments, stablecoins, tokenized assets and rising on-chain activity. Its partnership with MoneyGram is adding another layer to that growth story, while recent network data suggests the blockchain is already operating at record levels.
The combination is putting Solana’s DeFi ecosystem and SOL firmly back in focus as investors assess whether stronger real-world payment activity can translate into further network growth.
MoneyGram partnership adds weight to Solana’s payments push
Solana’s collaboration with MoneyGram is significant because of the payment company’s global reach. MoneyGram serves about 60 million customers through roughly 500,000 retail locations across more than 170 countries.
For Solana, the relationship comes as network usage is accelerating. The blockchain recently recorded more than 171 million daily non-vote transactions, marking a new all-time high. Real-user throughput also climbed to around 2,000 transactions per second.
Those figures suggest the network’s growth is not limited to speculative trading. Increased payment activity could provide another source of transactions and liquidity if MoneyGram’s Solana integration gains broader adoption.
Stablecoins and tokenized assets reshape Solana liquidity
Payments are only one part of the broader trend. Tokenized assets on Solana have also reached record supply levels, with Tesla and Circle among the largest tokenized equities on the network.
Crypto payment activity is expanding at the same time. Payment cards processed about $759 million in July, representing a 2.5-fold increase from a year earlier. Nearly 9 million purchases were made using stablecoins, highlighting the growing connection between digital assets and everyday payments.
Stablecoin liquidity is also shifting. Data from DeFiLlama shows Tether’s USDT supply on Solana increased nearly 19% over the past 30 days, while Circle’s USDC supply declined 4.6%. The move is notable because Circle also minted another $500 million in USDC on Solana during the period.
Can DeFi momentum translate into SOL upside?
The changing liquidity mix could become increasingly important for Solana DeFi during the remainder of Q3. More stablecoin liquidity can support trading, lending and other on-chain activity, while tokenized assets could broaden the types of financial products available across the ecosystem.
However, stronger fundamentals do not automatically guarantee a sustained SOL price rally. Network activity, liquidity and payment adoption will need to translate into durable user demand before the market can confidently price in another leg higher.
Also Read: Solana at a Critical Crossroads: Can Morgan Stanley’s Move Fuel an 18% Rally?
Solana’s record transaction activity, expanding tokenized-asset market and MoneyGram partnership are creating a stronger case for payments and DeFi to remain major themes through Q3. The key question is whether rising usage and shifting stablecoin liquidity can sustain network growth—and ultimately provide a catalyst for SOL.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
