🚀Paypal's PYUSD stablecoin sees a significant surge in weekly transaction volumes, hitting over $500 million, following its expansion to the Solana blockchain. This move led to a 90% increase in the stablecoin's market supply, now exceeding $500 million. 📈

According to DeFiLlama, PYUSD's total supply across Solana and Ethereum is around $534 million, with 74% on Ethereum and 25% on Solana.

The shift to Solana has made PYUSD faster and cheaper, offering users more blockchain options. The supply of PYUSD on Solana has surged by 61% in the past week, while its supply on Ethereum has decreased by 7%.

Solana developer, Paul Fidika, describes PYUSD as the "sleeper hit on Solana," enhancing the blockchain's reputation as a viable financial alternative.

What do you think about this surge in PYUSD's volume? Let's discuss in the comments! 💬