ChainCatcher reported that according to Cryptoslate, PayPal's PYUSD stablecoin supply increased by 90% after expanding to the Solana blockchain in May, and its market value exceeded the $500 million mark as of July 8. According to DeFillama data, the total supply of PYUSD on Solana and Ethereum has reached approximately $520 million as of July 8 (currently $533 million).

Breaking down the supply on both chains shows that $399 million is on Ethereum, or 77% of the total supply, while $118.65 million is on Solana, which equates to 23% of its supply. However, further analysis of the data suggests that its adoption is on the Solana network, with supply on the network growing by about 58% over the past week. In contrast, PYUSD supply on Ethereum has fallen by 6% over the same period.