MoonPay Commerce Solana Volume Falls to $7.3 Million in Sept. 2026

MoonPay Commerce processed about $7.3 million in Solana transactions in Sept. 2026, extending a decline from $39.8 million in January 2025 as its effective fee rate remained broadly stable.

Monthly volume fell from $39.8 million in January 2025 to $9.6 million in March 2025 before reaching $7.3 million in Sept. 2026. Across the 23 months from November 2024 through Sept. 2026, the effective fee rate ranged from 1.05% to 1.20%.

MoonPay announced the acquisition of payment-services company Helio on Jan. 13, 2025, and later renamed the product MoonPay Commerce. The product still runs on smart contracts deployed before the acquisition.

Helio was founded in London in 2022. At the time of the acquisition, the company had more than 6,000 merchants and had processed more than $1.5 billion in cumulative transactions, with integrations including Discord, Shopify and WooCommerce.

MoonPay Commerce recorded $141.9 million in transaction volume and $1.59 million in fees during 2025. Over the most recent 12 months, volume totaled $90.7 million and fees were about $930,000.

The figures show lower transaction volume over the period while the product’s effective fee rate remained within a relatively narrow range.