Solana News: PayPal Picks Solana as Main Rail for PYUSD

Key Insights:

• Solana news reveals PayPal has selected the network as the primary chain for PYUSD stablecoin payments, unlocking massive real-world adoption.
• Solana leads all Layer-1 blockchains with $245M in January 2026 revenue.
• SOL price remains under pressure, but oversold signals hint at a potential relief rally.

In the latest Solana news, PayPal has quietly made Solana the default network for processing payments conducted through its PYUSD stablecoin. The move hands Solana a massive mainstream on-ramp and confirms the chain’s growing role in real-world transactions.

PayPal launched PYUSD in 2023, initially on the Ethereum network. However, in May 2024, it expanded to Solana under the lure of faster and cheaper transfers.

Now, PayPal has chosen Solana as the primary rail, meaning most PYUSD volume will route through Solana’s high-speed network rather than Ethereum. For Solana investors, this piece of Solana news underscores the potential to tap into organic demand for SOL crypto.

PayPal legacy payments giant with hundreds of millions of users across the globe. It is estimated that the company handles over $140 billion worth of payment volumes per month Routing stablecoin payments through Solana brings serious traditional finance (TradFi) liquidity closer to the ecosystem.

According to DeFiLlama, Solana currently accounts for 20.76% of the PYUSD stablecoin in circulation. Ethereum currently holds the lion’s share of the stablecoin’s supply at 73.74%. This latest development may trigger more PYUSD growth in Solana.

Solana Led Blockchain Revenue in January 2026

Meanwhile, data shows Solana finished January 2026 as the top blockchain by revenue. It pulled in more fees than Ethereum and every other Layer-1 combined. The infographic shared by Velora, an on-chain analyst on X, shows the transaction volume and network activity ticked higher month-over-month, showing real users.

Solana raked in $245 million in revenue, with the TRON blockchain coming in second at $160 million. Ethereum dropped to third position, with only $89 million. This shows how powerful stablecoin rails and global usage are for a network.

According to Velora, this cycle is rewarding monetized demand over pure narratives. In the past, Layer 1 chains competed over the best tech. But now, the race is changing, and the competition has shifted to revenue.

SOL Price Stays Under Pressure Despite Network Gains

Despite the bullish news, the Solana price chart currently tells a different story. Weak demand has kept the coin moving in a range. Data from Blockworks shows that daily on-chain volume has been dropping over the past  4 days, with February 14 posting the lowest numbers in the past month.

Solana price has dropped 5% in the last 24 hours to $85.72 at press time. A look at the SOLUSDT price chart reveals that Solana has been working its way down a falling channel.

The SOL crypto exited oversold territory during the weekend, hinting at some accumulation. However, it was not robust enough for a significant rally.

The latest Solana news also shows that SOL price traded in a tight range, characterized by limited demand. The current scenario reflects uncertainty over whether the bears will resume their reign or whether the bulls will finally reclaim momentum and push for a recovery.

The weak demand suggests that the PYUSD and Solana news did not trigger any price excitement. This is likely because its impact will be clearer over the long run.

The post Solana News: PayPal Picks Solana as Main Rail for PYUSD appeared first on The Coin Republic.