Solana Ecosystem Growth Continues as PayPal and Stripe Integrate Network into Their Payment Systems-web3.0-php.cn

Solana Ecosystem Growth Continues as PayPal and Stripe Integrate Network into Their Payment Systems

Jul 19, 2024 pm 04:14 PM

Solana is increasingly seeing ecosystem growth thanks to technical developments and key partnerships. Notably, PayPal and Stripe, two financial industry giants

Solana Ecosystem Growth Continues as PayPal and Stripe Integrate Network into Their Payment Systems

Solana's ecosystem is expanding rapidly, thanks in part to key partnerships with financial industry giants PayPal and Stripe. Both companies have integrated Solana into their payment systems, enabling users to buy, sell, and hold cryptocurrencies on the Solana network.

These integrations are a major vote of confidence in Solana, both institutionally and on the retail side. Retail investors are increasingly driving traffic to platforms like pump.fun, which have collected millions in fees over the past few months.

Solana's institutional adoption is also growing, with several major hedge funds and asset managers now adding Solana to their portfolios. This institutional interest is likely to help fuel Solana's continued growth in the coming months and years.

Here is a summary of some of the key highlights from the report:

* PayPal integrated Solana into its platform, enabling users to buy, sell, and hold cryptocurrencies on the Solana network.

* Stripe also announced its support for payments on Solana, enabling merchants to accept cryptocurrency payments via the Solana network.

* Solana-native platforms like pump.fun have seen massive growth, with the memecoin launchpad collecting $48 million in total fees for the quarter.

* Raydium, Solana's biggest decentralized exchange (DEX), benefited from pump.fun's activities, boosting its average daily volume by 77% quarter-over-quarter.

* Despite the memecoin activity boosting Raydium TVL, Solana's overall TVL fell in dollar terms due to token price depreciation.

* However, the TVL denominated in SOL, Solana's native token, actually grew by 26% QoQ, indicating strong underlying capital flow.

These figures indicate that Solana's ecosystem is continuing to grow and expand, setting it up for further growth in the coming months and years.

The above is the detailed content of Solana Ecosystem Growth Continues as PayPal and Stripe Integrate Network into Their Payment Systems. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Mar 05, 2025 pm 08:00 PM

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Mar 05, 2025 pm 05:57 PM

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryMar 16, 2025 am 10:10 AM

Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?Mar 03, 2025 pm 06:33 PM

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

Understand the current situation and future of MEV on a single articleMar 04, 2025 pm 05:06 PM

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

PI price forecast: How high can PI coins rise?Mar 03, 2025 pm 07:27 PM

Since the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning

Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsMar 11, 2025 am 10:18 AM

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Does Bitcoin have stocks? Does Bitcoin have equity?Mar 03, 2025 pm 06:42 PM

The cryptocurrency market is booming, and Bitcoin, as a leader, has attracted the attention of many investors. Many people are curious: Do Bitcoin have stocks? The answer is no. Bitcoin itself is not a stock, but investors can indirectly invest in Bitcoin-related assets through various channels, which will be explained in detail in this article. Alternatives to Bitcoin Investment: Instead of investing directly in Bitcoin, investors can participate in the Bitcoin market by: Bitcoin ETF: This is a fund traded on the stock trading market, whose asset portfolio contains Bitcoin or Bitcoin futures contracts. This is a relatively convenient option for investors who are accustomed to stock investments, without having to hold Bitcoin directly. Bitcoin Mining Company Stocks: These companies' business is Bitcoin mining and holding Bitcoin