<img src="https://crypto.news/app/uploads/2024/11/crypto-news-Solana-ethereum-option03.webp” />
On November 19, MoonPay reported a 295% increase in SOL activity, driven by the recent surge in cryptocurrencies. By 11 a.m. Eastern Time on November 20, they had broken the record set on the 19th.
The record day for Solana (SOL) saw more SOL transactions in a single day than in the entire month of November 2023 combined on MoonPay.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>
The nov. 19 <a target="_blank" rel="nofollow" href="https://x.com/moonpay/status/1859236012293021971″ target=”_blank”>milestone marked a 295% increase in MoonPay's average daily Solana transactions by 2024, showing the growing interest in the Solana blockchain as a decentralized financial ecosystem.
Recent MoonPay Partnerships
The increase in activity reflects MoonPay's strengthened presence in the Solana space, helped by partnerships with companies such as PayPal or MoonPay. These collaborations have simplified the onboarding of new users, enabling seamless crypto purchases and interaction with DeFi and nft applications.
Solana has gained popularity due to its fast transaction speeds and low fees, attracting both retail and institutional users, while MoonPay's performance indicates growing adoption of the Solana blockchain in various applications, including gaming and decentralized finance.
