MoonPay acquired DFlow, an execution layer based on Solana, reportedly for approximately $100 million.

CoinFeed reported on May 6th that, according to The Block, crypto payment company MoonPay has acquired DFlow, the execution layer based on Solana. Fortune, citing anonymous sources, reported the deal was worth $100 million in stock. DFlow is the trading infrastructure platform used by Coinbase and Phantom, having processed over $50 billion in trading volume and approximately 10 million transactions per month, covering 99.9% of tokens on Solana. DFlow also created the only API to tokenize the Kalshi prediction market onto Solana. MoonPay founder and CEO Ivan Soto-Wright stated that DFlow's execution layer will provide speed, reliability, and scalability for high-frequency trading and agency-driven financial applications.