PayPal’s PYUSD stablecoin supply has increased by 90% following its expansion to the Solana blockchain, pushing its market cap over $500 million. Data from DeFillama reveals that PYUSD's total supply on Solana and Ethereum has now reached around $520 million. While Ethereum holds 77% of the supply at $399 million, Solana accounts for 23% at $118.65 million. The Solana network has seen a 58% rise in PYUSD supply in the past week, contrasting with a 6% drop on Ethereum. This growth has led to a surge in trading volume, surpassing $500 million weekly. Market experts view PYUSD as a success on Solana, enhancing the network's financial credibility. Integration with top Solana-based DeFi protocols like Jupiter and Orca has further boosted its ecosystem. With a 23% APY on Kamino Finance, PYUSD is attracting investors seeking yield opportunities, marking a significant step in DeFi adoption. Read more AI-generated news on: https://app.chaingpt.org/news