Data: Since expanding to Solana, the market value of PYUSD has increased by 150%, currently reaching $684 million
According to CryptoSlate, based on data from DefiLlama, since its expansion to Solana on May 29th, the market value of PayPal USD (PYUSD) has increased by 150%, and the current total market value of this stablecoin is approximately $684 million. Notably, the use of PYUSD is almost evenly distributed between Solana and Ethereum, with these two blockchains having a market share of 48.32% and 51.68% respectively, with little difference.
However, despite its growth, PYUSD still lags far behind its more mature peers such as USDT and USDC. USDC accounts for 70.5% of the total stablecoin market value on the Solana chain while USDT accounts for 20%; PYUSD ranks third with nearly a 9% share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lighthouse Canton sees global bond yield repricing as temporary “air pocket” for Indian equities
Takara Holdings to sell 18 properties, expects JPY 8.8 billion gain
Japan’s Katayama says will scrutinise budget requests for next fiscal year strictly going forward
British Pound drops against Japanese Yen after UK labor market data
Crypto prices
More
