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Solana hovers around $160 as SOL-based stablecoin hits $1 billion market cap

FXStreet broadcast about Solana. Solana hovers around $160 as SOL-based stablecoin hits $1 billion market cap. – PayPal stablecoin PYUSD reaches a $1 billion market capitalization after expanding to Solana from Ethereum in May .
– Solana-based PYUSD has a market share of 64% against Ethereum’s 36%.
– Solana hovers around $160 on Tuesday, nearly unchanged on the day.

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This news story falls under the following sentiment:

  • Positive
     
     


     
     


About Solana

Solana is a decentralized, high-performance blockchain designed for fast, secure, and scalable transactions. It uses a proof-of-stake consensus mechanism and is built to handle thousands of transactions per second. Solana was developed by a team of engineers and entrepreneurs who previously worked on the Ethereum blockchain, and it is currently being used for various projects, including decentralized applications (dApps) and non-fungible token (NFT) marketplaces.

     
     


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      News Source

      News seen on: FXStreet
      Description of news source: FXStreet is a leading source for reliable news and real time Forex analysis. FXStreet offers real-time exchange rates, charts and an economic calendar.

           
           


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        Blockchains

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        FXStreet, Solana

        Listing ID

        WCN01224