payments is a meme for every bagholder coping about their cheap blockspace chain. literally every cycle cheap l1's come up
eth mainnet is lindy as the most secure settlement/data availability layer, other layers for execution settling back to mainnet or other da layers potentially solve settlement fee/l1 data writing rent issues
Shopify and others are now using SolanaPay to do USDC transactions and they settle in under a second for under a cent. It takes a very beefy server to run a Solana validator, though, so many worry that it’s insufficiently decentralized.
I suspect that in the longer run, most of the value will be stored on Ethereum and compatible chains while most transactions will be done on Solana and newer chains.