TechFlow news, 21.co strategy analyst Tom Wan recently released new data showing that the market cap of PYUSD on Solana has reached $600 million. Wan highlighted two key metrics worth watching:
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When will PYUSD ($600 million) surpass USDT ($700 million) in market cap on Solana? PYUSD's market cap has doubled this month and is poised to become the second-largest stablecoin on Solana by early September.
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When will PYUSD reach a $1 billion market cap? Currently, PYUSD has a $360 million market cap on Ethereum, bringing the combined market cap across both chains to $960 million. Wan expects PYUSD to surpass $1 billion in total market cap before the end of August.
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