According to payment data scientist Alex, based on the blockchain payment index derived from P2P transfers, remittances, merchant payments, and fintech infrastructure assessment,

Solana ranks first and is relatively the most balanced, but its main drawback is the liquidity of stablecoins, which lags behind Ethereum and Tron;

Polygon ranks second, demonstrating excellent performance in cost, speed, and reliability, as well as having the highest adoption level, but the biggest issue is low stablecoin liquidity;

Stellar ranks third, showing excellent results in cross-border transfers and remittances, but has a smaller stablecoin ecosystem scale, with the total stablecoin supply amounting to only $2.00 billion USD;

Tron ranks fourth, dominating in stablecoin transaction volume, especially in large and cross-border flows, but small retail payments are limited by the fee structure;

Ethereum ranks fifth, holding 55% of the global stablecoin supply, but the user experience of payments has fundamental shortcomings and is not suitable for daily transactions.