Solana (high-throughput blockchain) Holds 49.7% of x402 Micropayments Share

According to a report by @ario_57_, Solana (high-throughput blockchain) saw its x402 (micropayments transaction category) share drop from above 88% earlier this month as micropayments (small-value digital payments) competition increased.

SOL

Summary

Solana (high-throughput blockchain) currently accounts for 49.7% of x402 (micropayments transaction category) activity, according to a report by @ario_57_. The figure is down from a peak above 88% earlier this month, indicating intensifying competition in micropayments (small-value digital payments). The shift suggests rivals are capturing more of the x402 transaction share as users seek low-fee, fast-settlement options typical of high-throughput chains.

Terms & Concepts
  • Micropayments: Small-value digital payments that require low fees and fast settlement; commonly used for pay-per-use content or services.
  • Layer-1 blockchain: A base blockchain that processes transactions directly without relying on another network; examples include Solana and Ethereum.
  • Transaction share: The proportion of total transactions within a specific category (e.g., x402) attributed to a given blockchain.