Data analytics firm Artemis has revealed that Solana has recorded the highest Total Payment Volume (TPV) growth rate among all major payment platforms, including both traditional financial companies and competing blockchain networks. According to the compiled data, Solana's TPV surged by 755.3%, placing it at the top of the growth spectrum by a significant margin.
The comparison highlights a stark divergence between legacy payment systems and blockchain-based networks. Traditional payment giants like PayPal, Block Inc., and Fiserv posted only single-digit TPV growth percentages, while Adyen reached 43.4%. In contrast, blockchain networks showed dramatically higher growth: Tron increased by 493.1%, Ethereum by 625.2%, and BNB Chain by 648.3%. Solana's 755.3% figure sits well above the dataset's median growth rate of 268.2%.
Analysts attribute Solana's outperformance to its low transaction costs and high processing capacity, which have allowed the network to scale during periods of elevated demand without significant fee increases. This combination of rapid TPV growth alongside consistently low median transaction costs points to scalability rather than short-term demand spikes, suggesting a growing share of real transaction flow—including payments, transfers, and application-level settlement—is migrating onto the network.
The data does not imply Solana has overtaken traditional payment rails in absolute usage volume, but it clearly indicates where incremental payment activity growth is concentrating. For developers and payment-focused applications, sustained TPV expansion reflects increasing user reliance on the network for settlement, not just experimentation. This momentum suggests on-chain payments are capturing incremental volume as users seek faster settlement and cost efficiency, potentially leading to stronger network effects and deeper liquidity for payment use cases on Solana.
