Revolut has expanded its cryptocurrency payment tools by integrating Solana, enabling direct transfers, withdrawals, and staking. This strategic move significantly strengthens Solana’s presence within the global fintech sector and underscores the increasing demand for low-cost, high-speed blockchain-based payment solutions.
Solana's Payments Reach Extends Across Major Fintech Players
Solana continues to gain traction within mainstream financial applications as companies actively seek out blockchain networks capable of supporting high-volume transactions. Major platforms such as Cash App, Venmo, and Western Union are already utilizing Solana in various capacities. This expansion signifies a growing list of prominent brands experimenting with the network's capabilities.
Looking ahead, Cash App has plans to introduce USDC payments in early 2026, while Stripe has already implemented USDC settlements on the Solana network. Furthermore, developers within the Solana ecosystem are actively testing new payment products specifically designed for mobile users, with native wallets now offering streamlined tools for everyday transfers.
Prior to this development, Revolut had only supported SOL for investment and trading purposes. The latest update introduces peer-to-peer (P2P) payments and withdrawal functionalities, offering users enhanced flexibility. This integration arrives at a time of heightened interest from both retail consumers and established fintech firms in blockchain technology.
Market Reaction and Liquidation Spike
Following the announcement, Solana's price traded near $141.22, reflecting a 1.66% gain over the preceding 24 hours. Trading volumes surged to nearly $5.8 billion as traders re-entered the market. Despite this positive movement, the token's performance over the past week shows a slight decline.
Short sellers experienced significant losses as the price recovered. In the last 24 hours, approximately $60 million in SOL short positions were liquidated. On-chain liquidations accounted for $39 million of this total, with centralized exchanges recording an additional $19 million in liquidations. This surge in activity indicates a notable increase in the Solana derivatives markets.
Technical Setup Points to a Possible Push Toward $146
Analyst Morecryptoonl has observed that Solana is currently testing a micro support zone situated between $133 and $137. This price range aligns with the 38% to 50% Fibonacci retracement area, suggesting a potential floor for the current trend.
Maintaining this support level is crucial for the continuation of the constructive trend and could facilitate another upward movement. A decisive break above the $138.20 resistance level would serve as confirmation of renewed strength in the market. Conversely, a failure to hold the $133 support could shift market attention towards deeper support levels, potentially near $117. Consequently, traders are closely monitoring this price range as Solana endeavors to maintain its current stability.