This is part of why Solana has been making such inroads the past couple of cycles.

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.