SOL and Solana: Consumer Payments Data Report (2024 May–2025 Oct)

Key Highlights (2024–2025 Oct):

• +66% YoY growth in SOL payments and +94% YoY growth in total payments processed on the Solana network.
• SOL ranks #7 among payment currencies in 2025 with a 6.8% share, following BTC, USDT, LTC, USDC, TRX, and ETH.
• Solana network peaked in September, reaching 8.4% of all CoinGate payments – its highest point to date.
• SOL accounts for 3.2% of all CoinGate payments processed between 2024 and 2025.
• Network composition: 68% SOL, 28% USDC, 4% USDT.
• Top shopper countries: US (30%), Germany (6%), Canada (5%), India (4.6%), Netherlands (4.5%).
• Top industries: Web hosting (35.5%), Consumer goods & services (11.8%), Computers (9%), Proxies (5.3%), VPN (4.4%).
• Leading merchants: Hostinger (30.4%), IPRoyal (5.3%), CoinGate Gift Cards (5.2%), NordVPN (2.9%).
• Average SOL cart size €50; 2025 orders range from €0.12 to €14,019.
• Most settlements converted to EUR (64.4%), USDC (21%), and BTC (4.6%); 1% kept in SOL (down from 2.3% in 2024).

Executive Summary

Solana entered CoinGate’s ecosystem in May 2024. In a relatively short time, it has grown into one of the most active and fast-expanding payment options on the platform. 

Between 2024 and 2025, SOL-denominated payments increased by 66%, while payments processed on the Solana network rose by 94%. Across all cryptocurrencies used during this period, SOL accounted for 3.2% of total processed payments, positioning it in the mid-tier of CoinGate’s overall currency mix. 

By 2025, SOL had already become the seventh most used cryptocurrency for payments, while the Solana blockchain climbed to the sixth most used network for on-chain settlements.

Looking specifically at 2025 (January–October), SOL holds a 6.8% payment share, following BTC, USDT, LTC, USDC, TRX, and ETH. 

Solana’s network activity paints an equally strong picture. In 2025, 68% of payments on the Solana network were made in SOL, followed by USDC (28%) and USDT (4%). Network usage reached its highest point in September, when 8.4% of all CoinGate payments were processed through Solana.

SOL payments come from a geographically broad audience. The United States leads with 30% of all SOL payments, followed by Germany (6%), Canada (5%), India (4.6%), and the Netherlands (4.5%). 

When grouped by continent, Europe and North America contribute nearly equal shares – 36.9% and 36.1%, respectively – with notable participation from Asia, Africa, and South America.

Spending behaviors reflect Solana’s versatility. In 2025, the average cart size reached €50, with transactions ranging from €0.12 micro-purchases to €14,019 paid for IT services. High-value transactions were already visible shortly after Solana’s integration in 2024, including a 169.08 SOL (€30,957) payment for proxy services.

Solana’s strongest industries so far are web hosting (35.5%), consumer goods and services (11.8%), computers (9%), proxies (5.3%), VPNs (4.4%), and IT services (3%). Among merchants, Hostinger stands out, accounting for 30.4% of all SOL orders, followed by IPRoyal (5.3%), CoinGate Gift Cards (5.2%), and NordVPN (2.9%).

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