MoonPay breaks Solana transaction record twice in two days

On Nov. 19, MoonPay reported a 295% increase in SOL activity, fuelled by the recent surge in cryptocurrency. By 11 a.m. Eastern time on November 20, they had broken the record set on the 19th.  

The record-breaking day for Solana (SOL) saw more SOL transactions in a single day than in the entire month of November 2023 combined on MoonPay. 

The Nov. 19 milestone marked a 295% increase in MoonPay’s daily Solana transaction average for 2024, showcasing the growing interest in the Solana blockchain as a decentralized financial ecosystem.

MoonPay’s recent partnerships

The surge in activity reflects MoonPay’s strengthened presence in the Solana space, aided by partnerships with the likes of PayPal or MoonPay. These collaborations have simplified onboarding for new users, allowing seamless crypto purchases and interaction with DeFi applications and NFTs.

Solana has gained in popularity due to its fast transaction speeds and low fees, attracting both retail and institutional users, while MoonPay’s performance indicates a rising adoption of Solana’s blockchain across various applications, including gaming and decentralized finance.