Site iconSite icon ForkLog

Solana Unveils Payment Portal with Built-in Transaction Simulator

Solana Unveils Payment Portal with Built-in Transaction Simulator

Developers of the Solana blockchain have launched Solana Payments, a unified hub serving as an informational platform for integrating cryptocurrency payments.

The website compiles technical documentation and network statistics. Developers have added a real-time transaction simulator and examples of successful ecosystem projects. The main goal of the portal is to demonstrate the blockchain’s advantages for financial integrations.

Solana’s infrastructure is already used by Visa, PayPal, Stripe, and Western Union in their products. Key use cases include cross-border transfers, instant payroll, vendor payments, and corporate treasury management.

The project team also disclosed historical data:

The blockchain is actively used in the field of artificial intelligence. According to developers, Solana holds 49% of the micropayments market between AI agents based on the x402 protocol.

The “people’s cryptocurrency” significantly outpaces Base in key scalability metrics. The current throughput of the “people’s cryptocurrency” is 1,140 transactions per second (TPS), nearly 10 times the rate of Base (118.5 TPS). Solana’s historical peak reached 5,289 TPS compared to 1,988 TPS for its competitor. Meanwhile, Solana’s theoretical limit is 65,000 transactions against 3,571 for the L2 network.

Source: Chainspect.

For retail payments, speed is crucial. Solana’s block creation time is just 0.39 seconds compared to 2 seconds for Base. Full transaction finalization on Solana takes 12.8 seconds, whereas on Base it takes over 13 minutes.

The average transaction fee on Solana is 62% lower: approximately $0.0058 compared to $0.015 on Base. These metrics make the blockchain more appealing for everyday transactions.

Back in February, Solana Company unveiled a roadmap for creating high-speed infrastructure in the ATP.

Exit mobile version