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The payment protocol on Solana has recently handled transaction volumes of over $100 million, with daily transaction amounts surpassing $380,000. The month-over-month growth rate reaches as high as 750%, and this momentum is indeed impressive.
Compared to traditional remittance channels, the fee structure is significantly different. Traditional remittance companies usually charge a 6% fee, and it takes three days to complete a transaction. The same transfer requirement can be fulfilled through this protocol with only a 0.5% fee and settlement within 2 seconds.
In terms of projects, there is support from a $150 million accelerator program, which includes integration cost subsidies. It is reported that the first payment company has completed integration, indicating an acceleration in application deployment. This efficiency advantage is particularly competitive in cross-border payments and small transfer scenarios.