In a significant development for the x402 protocol, Solana has emerged as a dominant player in the blockchain payment landscape. Recent data reveals that Solana accounted for nearly 51% of all transactions on the protocol, highlighting its growing influence and adoption. The publication provides the following information:
Solana Surpasses Base in Transaction Volume
On January 11, Solana processed 34,600 transactions, slightly surpassing Base's 34,300 transactions. This surge in activity contributed to a total of 69,000 x402 transactions across various blockchains, indicating a robust interest in the protocol.
Growing Interest in x402 Protocol
The increasing transaction volumes suggest that more users are recognizing the benefits of the x402 protocol. This potentially paves the way for further innovations and enhancements in blockchain payment systems.
On January 10, the Solana team introduced the ZK Compression v2 tool, which aims to significantly reduce storage costs for decentralized applications. This development contrasts with Solana's recent transaction volume surge, highlighting the platform's ongoing innovations. For more details, see ZK Compression v2.
