Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Bybit’s PayPal PYUSD and Solana integration represents a key step toward blockchain interoperability.
ALTCOIN NEWS

Bybit’s PayPal PYUSD and Solana integration represents a key step toward blockchain interoperability.

By Crypto FlexsAugust 20, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bybit’s PayPal PYUSD and Solana integration represents a key step toward blockchain interoperability.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Bybit Supports PayPal’s PYUSD Stablecoin on Solana
  • This move will improve blockchain interoperability.
  • The majority of PYUSD’s market liquidity is currently on Solana.

Blockchain interoperability is one of the most important developments in the cryptocurrency space, allowing users to seamlessly access the benefits of different blockchain platforms.

Recently, Bybit has improved interoperability by integrating some of the most important platforms. This move also shows the growth of Solana and PAYUSD.

Bybit Integrates PAYUSD Stablecoin into Solana

Blockchain interoperability is constantly evolving. On Friday, August 15, Bybit integrated PayPal’s PYUSD stablecoin into the Solana blockchain ecosystem. This integration enables seamless trading of PYUSD on the Solana and Ethereum networks, a significant step forward toward improved interoperability in the cryptocurrency space.

This move is particularly notable for its timing and scale. PYUSD has become the sixth largest stablecoin by market cap and recently achieved over 500,000 transactions. This rapid adoption highlights the market demand for this asset, which is tied to the PayPal platform.

Why Solana is the Leader in PYUSD Traffic

This move also shows that Solana is becoming increasingly important for stablecoin transfers. It is worth noting that a significant portion of PYUSD’s liquidity, over 56%, is hosted on Solana, according to DeFiLlama data. The rest of the trading takes place on Ethereum.

Solana is leading the way due to its low fees, scalability, and growing ecosystem. Low fees make Solana ideal for stablecoin transfers, and a growing ecosystem means more users are joining the network.

On Monday, August 19, Solana’s decentralized exchange volume was $723.11 million, compared to Ethereum’s $702.65 million. Still, the low fees attract a significant amount of automated and bot traffic.

On the other side

  • Ethereum’s TVL (total locked value) is still much higher than most other chains. 57.98% All blockchain TVL
  • Solana has been criticized for technical issues and centralization issues. Recently, the Solana validator quietly fixed a major vulnerability that could have resulted in: Network-wide downtime.

Why this matters

PayPal’s PYUSD stablecoin integration on Solana via Bybit is a major milestone in blockchain interoperability. It signals a shift towards a more interconnected cryptocurrency space with more platforms for users to choose from.

Learn more about how Solana avoided a major power outage.
Solana quietly patches critical vulnerabilities while avoiding network-wide outages.

Learn more about the Solana ETF opportunity:
Skepticism dampens hopes for Solana ETF, another bank imitates BlackRock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025
Most Popular

HKMA strengthens financial ties with Malaysia

May 27, 2024

BYBIT is registered with FIU-Ind and commits to the Indian market.

February 12, 2025

Why did Litecoin price rise today?

October 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.