TLDR Tech / Crypto
MoonPay Acquires Solana Trading Infrastructure DFlow in $100M Deal
MoonPay acquired Solana trading infrastructure platform DFlow for $100 million in all-stock on May 5, its sixth acquisition in 18 months. DFlow has processed over $50 billion in cumulative trading volume since April 2025, including $12 billion in Q1 2026, and serves more than 1 million active traders across 500+ applications, with clients including Coinbase, Phantom, Solflare, and Kamino. CEO Ivan Soto-Wright described the deal as completing MoonPay's four-pillar product stack, with DFlow's Solana execution-layer trading joining Iron and Helio across the fund, tokenize, and spend functions. Coinbase had separately announced a DFlow integration to expand its Solana trading offering in early May, days before the acquisition was disclosed.
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