The latest report from Visa sheds light on the increasing popularity of Solana's stablecoin transactions in the payment industry. Solana, a major player in the global market, has seen a rise in the use of stablecoins such as USDC, which is tied to the US dollar, according to the Visa Stablecoin Dashboard.

Solana has made a significant mark in the blockchain world, surpassing competitors like Tron and Binance Smart Chain in stablecoin transactions. In the past month alone, Solana recorded over 69 million stablecoin transactions, outperforming Binance Smart Chain's 47.2 million transactions and Ethereum's 2.3 million transactions.

Investors are turning to Solana's network due to its tailored protocols and strategies, especially larger investors. The future success of Solana will rely on its continuous growth, market sensitivity post-halving, and project development. Additionally, the ability of buyers to sustain high prices will play a crucial role in shaping Solana's future trajectory.

Efforts to address congestion issues on Solana are showing positive results in the market. A significant congestion fix has been recently released on the Solana mainnet with a new version, v1.17.31, made available for MainnetBeta validators. This fix is expected to directly tackle congestion problems and allow delayed projects to go live again.

Following the congestion fix, the price of SOL, Solana's altcoin, saw a notable increase of 9.24% last week, reaching $154.43. This growth, combined with the market's recovery, brings confidence for SOL's future prospects. Nevertheless, it is worth mentioning that SOL's price has dropped to $137 from a high of $210 earlier this year. This dynamic price movement reflects the volatile nature of the cryptocurrency market.