- PYUSD’s supply on Solana surged by 61%, but dipped 7% on Ethereum.
- Solana’s developer called PYUSD a “sleeper hit” as its market capitalization rose from $180 million to $533.5 million.
PayPal USD [PYUSD] has been making headlines in the crypto world. The token has seen a 61% surge on the Solana [SOL] blockchain, while dipping by 7% on Ethereum [ETH].
Inasmuch, analyst MartyParty tweeted that,
“Over the past week, the supply of PYUSD on #Solana has surged by 61%, while its supply on #Ethereum has decreased by 7%.”
This shift marked a significant change in the stablecoin landscape.
PYUSD transaction volumes skyrocket
The impact of this surge is clear.
The tweet continued,
“This growth has contributed to the overall increase in trading volume for the stablecoin, whose weekly transaction volumes have tripled and reached $500 million by the end of last month.”
This spike in activity indicated a growing adoption — investors were flocking to PayPal’s offering on Solana.
PYUSD’s market cap told a similar story of growth. MartyParty’s tweet continued,
“Update: Currently $PYUSD marketcap up from $180m to $533.5m.”
This significant surge put PYUSD in the spotlight. At press time, it ranked fourth among stablecoins on Solana by capitalization, with only USDT, USDC, and DAI standing ahead.
Solana developer Paul Fidika took notice of these developments. MartyParty reported,
“This surge has prompted Solana developer Paul Fidika @PaulFidika to describe PYUSD as the ‘sleeper hit on Solana,’ bolstering the blockchain’s position as a viable financial alternative.”
Ripple effects in the crypto ecosystem
PYUSD’s success on Solana is not just about numbers. Instead, it is reshaping the crypto landscape. Traditional finance is watching as PayPal’s move is closely attracting crypto market attention.
This could pave the way for more mainstream adoption, as it also puts pressure on other stablecoin issuers for innovations.
As the dust settles, all eyes are on PYUSD and Solana. This partnership could redefine what is possible in the world of stablecoins. For now, it is a wake-up call to the entire crypto industry.
Is your portfolio green? Check out the SOL Profit Calculator
According to the same analyst, there is a surge in the Solana accumulations in large orders across coinbase, Binance [BNB], Gate, and OKX.
He stated that the automated orders amounted to around $6.56 billion in long positions. This is a positive sentiment for Solana’s rally.
Source: X
- PYUSD’s supply on Solana surged by 61%, but dipped 7% on Ethereum.
- Solana’s developer called PYUSD a “sleeper hit” as its market capitalization rose from $180 million to $533.5 million.
PayPal USD [PYUSD] has been making headlines in the crypto world. The token has seen a 61% surge on the Solana [SOL] blockchain, while dipping by 7% on Ethereum [ETH].
Inasmuch, analyst MartyParty tweeted that,
“Over the past week, the supply of PYUSD on #Solana has surged by 61%, while its supply on #Ethereum has decreased by 7%.”
This shift marked a significant change in the stablecoin landscape.
PYUSD transaction volumes skyrocket
The impact of this surge is clear.
The tweet continued,
“This growth has contributed to the overall increase in trading volume for the stablecoin, whose weekly transaction volumes have tripled and reached $500 million by the end of last month.”
This spike in activity indicated a growing adoption — investors were flocking to PayPal’s offering on Solana.
PYUSD’s market cap told a similar story of growth. MartyParty’s tweet continued,
“Update: Currently $PYUSD marketcap up from $180m to $533.5m.”
This significant surge put PYUSD in the spotlight. At press time, it ranked fourth among stablecoins on Solana by capitalization, with only USDT, USDC, and DAI standing ahead.
Solana developer Paul Fidika took notice of these developments. MartyParty reported,
“This surge has prompted Solana developer Paul Fidika @PaulFidika to describe PYUSD as the ‘sleeper hit on Solana,’ bolstering the blockchain’s position as a viable financial alternative.”
Ripple effects in the crypto ecosystem
PYUSD’s success on Solana is not just about numbers. Instead, it is reshaping the crypto landscape. Traditional finance is watching as PayPal’s move is closely attracting crypto market attention.
This could pave the way for more mainstream adoption, as it also puts pressure on other stablecoin issuers for innovations.
As the dust settles, all eyes are on PYUSD and Solana. This partnership could redefine what is possible in the world of stablecoins. For now, it is a wake-up call to the entire crypto industry.
Is your portfolio green? Check out the SOL Profit Calculator
According to the same analyst, there is a surge in the Solana accumulations in large orders across coinbase, Binance [BNB], Gate, and OKX.
He stated that the automated orders amounted to around $6.56 billion in long positions. This is a positive sentiment for Solana’s rally.
Source: X
cheap clomiphene without insurance how can i get generic clomiphene no prescription buying clomid how to get clomid tablets how to get cheap clomid without prescription clomid brand name clomid challenge test protocol
Great post. I was checking continuously this blog and I am impressed! Very helpful info particularly the last part 🙂 I care for such information much. I was seeking this particular information for a very long time. Thank you and best of luck.
More posts like this would make the blogosphere more useful.
This is a question which is forthcoming to my heart… Numberless thanks! Exactly where can I upon the acquaintance details for questions?
azithromycin 250mg sale – tindamax pills order generic metronidazole 200mg
order rybelsus 14mg online cheap – semaglutide 14 mg uk buy periactin sale
buy cheap domperidone – order sumycin 500mg online cyclobenzaprine generic
oral esomeprazole 20mg – https://anexamate.com/ buy esomeprazole 20mg sale
coumadin order online – https://coumamide.com/ cost losartan 25mg
order mobic 15mg for sale – tenderness buy meloxicam 15mg sale
I have been exploring for a little for any high quality articles or weblog posts on this kind of space . Exploring in Yahoo I finally stumbled upon this site. Reading this info So i am glad to exhibit that I have an incredibly just right uncanny feeling I found out exactly what I needed. I most surely will make certain to don’t fail to remember this web site and provides it a look regularly.
deltasone 10mg oral – https://apreplson.com/ deltasone generic
buy erectile dysfunction pills – top ed drugs best over the counter ed pills
amoxicillin pills – https://combamoxi.com/ amoxicillin without prescription
fluconazole 100mg pills – this cheap forcan
cenforce 50mg pills – order cenforce 100mg sale order cenforce
cialis com free sample – https://strongtadafl.com/ whats the max safe dose of tadalafil xtenda for a healthy man
order zantac 300mg – ranitidine buy online order ranitidine sale
I am in point of fact enchant‚e ‘ to coup d’oeil at this blog posts which consists of tons of useful facts, thanks for providing such data. zithromax 500mg cost
More posts like this would force the blogosphere more useful. https://ursxdol.com/propecia-tablets-online/
This website exceedingly has all of the low-down and facts I needed about this participant and didn’t identify who to ask. https://prohnrg.com/product/lisinopril-5-mg/
Fantastic website. A lot of helpful info here. I am sending it to a few pals ans also sharing in delicious. And certainly, thank you in your sweat!
Thanks an eye to sharing. It’s acme quality. cenforce 150 livraison rapide
With thanks. Loads of erudition! https://ondactone.com/product/domperidone/
Thanks for sharing. It’s acme quality. http://web.symbol.rs/forum/member.php?action=profile&uid=1171369
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
I’m extremely impressed along with your writing skills and also with the format to your weblog. Is this a paid subject matter or did you modify it yourself? Either way stay up the nice quality writing, it’s uncommon to peer a great blog like this one today..
buy forxiga 10 mg without prescription – order dapagliflozin online forxiga 10 mg pills
where can i buy xenical – click buy xenical 120mg online cheap