MoonPay Expands as Infrastructure Layer for Web3 with API-Driven Solutions
MoonPay is establishing itself as a key infrastructure layer in the evolving Web3 landscape.
- Over 30 million verified users in 160 countries
- Provides solutions from fiat onramps to embedded DeFi experiences
- Originally focused on wallet top-ups via Apple Pay and debit cards
- Powers API-first solutions for major DeFi applications
- Transitioning toward a fully API-driven, “headless” infrastructure model
- Acquired Helio, a Solana-powered crypto payment processor, for $175 million
- 112% year-on-year growth with Q1 2025 as its strongest quarter
- Main revenue from transaction fees on crypto purchases through various payment methods
- Experimenting with zero-fee trading products like “Balance”
CEO Ivan Soto-Wright highlights trends such as:
- DEXs expected to overtake CEXs, driven by user demand for asset control
- Shift from centralized finance (CeFi) to decentralized finance (DeFi), currently holding 30% market share
- Cryptocurrency wallets to replace bank accounts, with multiple wallets per user
- Focus on non-custodial finance, simplifying DeFi integration for developers
- Potential future development of a MoonPay stablecoin