Solana (SOL) blockchain has experienced renewed growth fueled by an increase in network usage across x402 payments. Notably, Solana’s x402, an open protocol for internet-native payments, has exceeded $600,000 in daily transactions.
Solana AI team member Rish confirmed the x402 daily transaction spike in an X post. Rish shared a graph that showed the spike in x402 transactions between November 13 and December 1, 2025.
According to Rish, x402 currently represents about 1% of non-voting daily transactions on the network.
The rebound to $600,000 is a major milestone in the blockchain activity. This is because the x402 activity had dropped to a little over 200,000 daily transactions in late November.
Solana x402 Outlook | Source: Rish
However, since the start of December, activity has not only recovered but surged sharply, suggesting renewed demand across the network. It also indicates attraction of real user activity into the Solana network, despite recent short pullbacks.
When the daily x402 usage slowed towards the end of November, some traders saw this as a warning sign. Others, however, viewed the slowdown as a temporary cooldown after earlier spikes.
Still, that dip did not last long as transaction counts climbed fast when December opened. In just a few days into the month, x402 activity climbed above 600,000 daily transactions.
Note that the network peaked past 700,000 transactions, before briefly cooling off again on some days in late November. This is a familiar pattern in crypto adoption, where usage grows fast, then takes a breather.
After this, it continues higher again as new users and use cases resume. Crucially, the spike in x402 daily transactions implies that developers and users are still supporting the network.
The rebound also highlights how quickly x402 has gained traction on a high-throughput network like Solana. x402 is a niche protocol that allows APIs, apps, or AI agents to demand instant micropayments before delivering content or services.
Traders are now watching the x402 transaction activity closely, which acts as a health check for real Solana network usage. A strong return gives Solana momentum moving into 2026 and helps rebuild confidence after the November price drop.
Additionally, high transaction counts often indicate real on-chain demand, active apps, bots, and automation tools. However, note that sustained activity usually comes from actual product usage. This is important for the long-term story.
In past cycles, Solana has faced performance debates. However, this steady transaction growth shows that developers continue shipping, while users show up.
Meanwhile, SOL has gained increased attention among institutional players. Previously, we explored how publicly listed firms are steadily adding SOL to their balance sheets.
We also reported that the Bitwise staked SOL ETF registered increased inflows, surpassing industry favorites. As demand for the products increases, $11 trillion asset manager Vanguard now allows clients to trade Solana ETFs on its platform.
Amid the renewed confidence in the network, the SOL price has responded positively. Over the past 24 hours, SOL rose more than 11.6% to trade at $141.7.
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