✨PayPal’s PYUSD market cap hits $500m after Solana expansion✔️
🟢Ever since Paypal joined the Solana (SOL) ecosystem, the volume for its stablecoin has exceeded 300 million weekly trades.
PayPal’s PYUSD stablecoin’s weekly transaction volumes have soared to over $500 million, a notable increase from its previous volume of $150 million. This surge follows Paypal’s PYUSD’s expansion to the Solana blockchain in May, leading to a 90% increase in its market supply, which now surpasses half a billion dollars.
🟢According to DeFiLlama, PYUSD’s total supply across Solana and Ethereum stands at approximately $534 million. A detailed breakdown reveals that 74% of this supply is on Ethereum, while the remaining 25% is on Solana.
