Mayan Says $6B Has Moved Into Solana Through Its Swap Route

More than $6 billion has crossed onto Solana through Mayan, the intent-based swap protocol said in a case study on its blog, across over 3 million swaps from more than 1 million wallets. Solana is Mayan's largest destination chain by both volume and swap count. The company claims that makes it the largest intent-based route onto the network.

These are Mayan's own numbers, self-published and not independently audited, and the framing is a pitch: Solana as the home of internet capital markets, Mayan as the on-ramp. The shape underneath is still worth reading.

Where the money comes from

Ethereum, mostly. Over $4 billion of Solana-bound volume on Mayan started there, roughly two-thirds of the total, which tracks with where crypto's capital has actually been parked. Arbitrum accounts for $700 million and up, Base $600 million, BNB Smart Chain $400 million. Mayan's bet four years ago was that this distance was the whole problem, so it built around Solana as a core destination from day one and compressed the move into a single swap.

The growth curve: $100 million-plus into Solana in 2023, $2 billion-plus in 2024, $3 billion-plus in 2025. Mayan calls that 35x. The floors it actually publishes imply something closer to 30x, which is the hazard of attaching a plus sign to every figure you report. Nearly $2.5 billion of the total arrived as stablecoins across more than 600,000 swaps, and that is the number that matters most, because stablecoins are deployable the second they land.

The invisible-infrastructure bet

Most users have never heard of Mayan. That is deliberate. It runs underneath products people already use, including Phantom, MetaMask and Backpack on the wallet side, plus routers and aggregators like LI.FI, Jumper and Matcha. A large share of those 3 million swaps happened without anyone knowing which route they took. Somebody pressed a button, and the money showed up on Solana.

It is a real business and a dependent one. Mayan earns by being the default path under someone else's interface, settling integrator fees onchain per swap through the @mayanfinance/swap-sdk package, which means its volume rides on routing decisions made inside other teams' products. It now supports 14 chains, including Monad, Hyperliquid and Linea, with more promised. One thing the case study does not reconcile: it says capital arrives far more than it leaves, then puts the net figure at $1 billion and up against $6 billion of inflows. Those two claims want an explanation, and the post does not offer one.