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Mayan

Intent-based cross-chain swaps, settled on Solana

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Mayan

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Mayan is an intent-based cross-chain swap protocol built on Wormhole. It enables swaps between any token on any supported chain, across both EVM and non-EVM ecosystems. With the latest release of Mayan 2.0, those swaps complete in as little as one second.

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Mayan news, features & analysis

Matched from published articles, podcasts, and talks using the project name, token name, or token symbol.

  1. Real World Assets (RWA) Article

    Paxos Brings PAX Gold to Solana via Sunrise, Making PAXG the First OCC-Regulated Gold Token on the Network

    Paxos launched PAX Gold (PAXG) on Solana June 25 via Sunrise DeFi, bringing the first OCC-regulated gold token to the network with same-day DEX pools and 9.2x margin trading.

  2. Real World Assets (RWA) Article

    Micron Tokenized Shares Go Live on Solana Two Days Before Fiscal Q3 Earnings

    Backpack Securities and Sunrise launch tokenized Micron shares on Solana, where MU trades 24/7 through the company's June 24 fiscal Q3 earnings release.

  3. Midcurve Podcast Summary 12 min read

    Building a Startup on Solana | ep. 32

    Building a Startup on Solana: Insights from Forma Co-Founder Faraj Mayan ... This episode of the Midcurve podcast features an enlightening conversation with Faraj Mayan, co-founder of Forma, as he shares his experiences and insights on building startups within the Solana ecosystem.

  4. Breakpoint 24 Conference Talk 7 min read

    Breakpoint 2024: Product Keynote: Forma (Farhaj Mayan)

    Forma, co-founded by Farhaj Mayan, is pioneering the concept of Solana Economic Zones to connect national economies with the Solana ecosystem. ... Forma is a company co-founded by Farhaj Mayan that is developing Solana Economic Zones.

  5. Unlayered Podcast Summary 14 min read

    Building Solana Economic Zones | Farhaj Mayan, Forma

    In a groundbreaking move for the Solana ecosystem, Farhaj Mayan, co-founder of Forma, is spearheading an initiative to create Solana Economic Zones around the world.

About

Mayan

Mayan is a cross-chain swap and bridge protocol built on Solana that uses competitive on-chain auctions to route tokens between blockchains at optimized prices. Launched in February 2022, the protocol has processed over $18 billion in volume across more than 8 million swaps, and its routing infrastructure is embedded in major wallets including Phantom, MetaMask, OKX Wallet, and Trust Wallet.

Core mechanism

Rather than relying on shared liquidity pools with fixed pricing, Mayan uses an intent-based architecture. Users sign a message expressing their desired outcome — for example, sending ETH on Ethereum and receiving SOL on Solana — and a network of competing solvers called drivers bid to fill that order on-chain. The driver offering the best execution wins and completes the transfer. The auction runs on Solana, which acts as the coordination layer for order matching regardless of which source and destination chains are involved.

This model addresses a structural problem with traditional cross-chain bridges: low liquidity in specific pools causes significant price impact, especially on larger trades. By routing through a competitive auction rather than a static pool, Mayan's architecture theoretically delivers market-rate pricing at the moment of execution.

Transfer methods

Mayan offers three routing mechanisms, each suited to different transfer types.

Swift is the protocol's primary intent-based path. Solvers compete in an on-chain auction and the winning bidder fulfills the swap within seconds. Swift v2, introduced with the Mayan 2.0 upgrade in March 2026, uses a two-contract design that separates execution logic between source and destination chains, enabling sub-second settlement for many routes. Community benchmarks report effective swap costs around 0.03% when using Mayan directly, compared with roughly 0.85% when cross-chain swaps are routed through integrated wallet interfaces.

MCTP (Mayan-Circle Transfer Protocol) routes transfers through Circle's Cross-Chain Transfer Protocol (CCTP). Tokens are converted to USDC on the source chain, bridged via CCTP, and auctioned on Solana to convert back into the requested output token. Protocol fees are zero for USDC-to-USDC transfers and 3 basis points otherwise. MCTP is suited to large stablecoin transfers where native USDC liquidity minimizes slippage. A faster variant, Fast MCTP, uses Circle's CCTPv2 to further reduce latency.

Wormhole Swap uses Wormhole's Token Bridge with Solana as an intermediary chain. It is optimized for BTC, SOL, and ETH transfers where low slippage is the priority over execution speed.

Mayan 2.0

In March 2026, Mayan launched Mayan 2.0, centered on the Swift v2 architecture. The upgrade's two-contract design — separating source-chain and destination-chain execution logic — allows smoother transaction finality and adds structured payload staging and validation layers that reduce execution errors. Mayan 2.0 is described as up to five times faster than the previous version, with substantially lower costs. The upgrade also introduced referrer fee collection directly from source-chain assets, improving the economics for wallets and aggregators that integrate Mayan's SDK.

Supported chains and integrations

Mayan supports Solana, Ethereum, BNB Chain, Base, Arbitrum, Optimism, Sui, Monad, HyperEVM, and additional networks. The protocol provides an SDK and embeddable widget for developers integrating cross-chain functionality into wallets and dApps. Phantom, MetaMask, OKX Wallet, and Trust Wallet all route cross-chain swaps through Mayan's infrastructure, giving the protocol reach into user bases that may not interact with Solana directly.

Traction

As of March 2026, Mayan has processed over $18 billion in cumulative volume, more than 8 million swaps, and served more than 3 million unique wallets.

Security

Mayan describes its smart contracts as trustless, permissionless, and regularly audited. No specific audit reports or auditing firm names are listed in publicly accessible documentation. The intent-based design reduces custody risk: solvers fill orders without holding user funds beyond the brief duration of a transaction.

Solana ecosystem fit

Mayan is architected with Solana at its core. The auction layer runs on Solana mainnet, and Solana serves as the coordination hub for cross-chain order matching even when neither the source nor destination chain is Solana. The protocol routes external chain volume through Solana and positions the network as settlement infrastructure for multi-chain DeFi activity. Its integration into non-Solana-native wallets like MetaMask and Trust Wallet brings Solana-settled liquidity to users who might not otherwise interact directly with the network.

Contents

Note: inclusion in Solana Compass directory does not indicate a recommendation or endorsement of this project, its token(s) or its products. Data sourced with thanks from The Grid to aid in building these pages.

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