What to know:
- MoonPay acquires Solana trading firm DFlow in $100M all-stock deal, expanding infrastructure.
- DFlow handles over $50 billion in volume, 5%-10% Solana trades, and one million users.
- Its platform uses the Coinbase trading stack, boasts 11% aggregator share above Jupiter’s explosive growth.
Crypto payments firm MoonPay has acquired Solana-focused trading infrastructure provider DFlow in an all-stock deal valued at approximately $100 million, according to Fortune. The acquisition reflects MoonPay’s strategic expansion into decentralized trading infrastructure and execution services within rapidly growing on-chain financial ecosystems globally.
DFlow specializes in trade routing and decentralized exchange aggregation, enabling optimized execution across multiple liquidity sources. The platform has become a key infrastructure layer within the Solana ecosystem, supporting decentralized applications and traders seeking efficient pricing, reduced slippage, and improved transaction execution across fragmented liquidity environments on-chain globally.
Recent data show that DFlow is responsible for 5%-10% trading volume for the total number of Solana-related trading activities. This share illustrates the significance of DFlow’s infrastructure in the space of decentralized finance, especially as Solana continues to attract more liquidity, interest from institutions, and high-frequency trading volume.
At the time of writing, SOL is trading at $87.04, with a 24-hour trading volume of $5.51 billion, a market cap of $50.23 billion, and a market dominance of 1.87%, reflecting a 2.83% increase in the past 24 hours.
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DFlow Solana Volume Crosses $50 Billion
The acquisition follows DFlow’s recent integration into Coinbase’s on-chain trading stack for Solana. Thus, it brings MoonPay’s infrastructure a new high-performing execution layer that highlights the transition of the company towards building a scalable on-chain trading infrastructure that will facilitate efficient, fast, and affordable decentralized trade executions.
According to data from Blockworks, DFlow has handled over $50 billion in trade volume since April 2025, with approximately $12 billion in the first quarter of 2026. It serves more than one million active traders who use more than 500 applications on the DFlow platform, which also handles nearly ten million transactions monthly.
Strengthening MoonPay’s Broader Strategic Vision
MoonPay has accelerated acquisitions since early 2025, completing six deals, including Helio, Iron, Meso, Decent, and Sodot. These additions expanded capabilities across payments, infrastructure, and institutional services. With DFlow, MoonPay integrates trading functionality as a core component of its broader crypto service ecosystem strategy.
DFlow managed to achieve remarkable performance growth within the trading ecosystem of Solana, as it has surpassed its major competitor Jupiter in terms of daily trading volume in November 2025. It powers major applications, including Coinbase, Phantom, Solflare, and Kamino. Market data shows its aggregator share increased from five percent in March to eleven percent recently due to integration into Fomo and Tessera.
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