MoonPay Solana Transaction Volumes Have Declined
The payments platform reported a drop in volume to $7.3 million for September 2026.
Updated on Oct. 9, 2026 in Financial Services
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MoonPay Commerce processed $7.3 million in Solana transactions throughout September 2026. This figure marks a significant reduction in monthly activity compared to the $39.8 million recorded in January 2025.
Why it matters
The decline highlights shifting patterns in blockchain-based retail payments. Understanding these volume trends is essential for assessing the broader adoption of merchant-facing crypto tools.
MoonPay Commerce recorded $141.9 million in total transaction volume during 2025 with $1.59 million in fees. Over the most recent 12-month period, transaction volume reached $90.7 million, generating $930,000 in fees.
The players
MoonPay
MoonPay is a global financial technology company that provides payment infrastructure for crypto assets.
Helio
Helio is a digital payments startup that was founded in London in 2022 and later acquired by MoonPay.
The details
The platform, which leverages smart contracts, integrates with third-party commerce tools including Shopify, Discord, and WooCommerce. These capabilities stem from the acquisition of London-based startup Helio, which brought more than 6,000 merchants to the network in early 2025.
Timeline
Helio was founded in London in 2022.
The effective fee rate has remained between 1.05% and 1.20% since November 2024.
MoonPay acquired Helio on January 13, 2025.
Monthly transaction volume reached $9.6 million in March 2025.
MoonPay Commerce processed $7.3 million in transactions during September 2026.
Market Landscape
This decline follows the industry-wide consolidation observed after MoonPay's acquisition of Helio, which sought to capture the merchant market. The platform now faces the challenge of maintaining growth against rivals in the competitive digital payments space.
While the platform continues to support integrations with platforms like Shopify, the reduced volume may influence future fee structures for merchants. Businesses currently utilizing these smart contracts should monitor fee stability as transaction levels fluctuate.
The takeaway
Blockchain commerce platforms often experience cyclical transaction volume as merchant adoption matures. Users should maintain awareness of how platform-specific fee rates and volume shifts impact their operational costs.
Further reading
Learn more about the latest trends in the Financial Services sector.
Source note: This article includes information reported by TokenPost.
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