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Solana (layer-1 blockchain) Leads TPV (total payment volume) Growth, Artemis Says

According to Artemis (crypto market data firm), Solana (layer-1 blockchain) recorded the highest growth in total payment volume among payment platforms; the brief update did not include figures, timeframe, or methodology.

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Terms & Concepts
  • Total Payment Volume (TPV): The aggregate value of payments processed over a period, used to gauge platform activity.
  • Layer-1 blockchain: A base blockchain network that processes transactions and hosts applications without relying on another chain.
  • On-chain payments: Transactions settled directly on a blockchain ledger without intermediaries.