The post PayPal Adds Solana and Chainlink to Crypto It Supports, Benefiting Altcoins Like Solaxy appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Wake up, PayPal just added support for two new cryptocurrencies in the US—and it could be huge for altcoins! Unless you consider reading PayPal’s help center a hobby, you probably missed the addition of Solana ($SOL) and Chainlink ($LINK) to its list of supported cryptocurrencies in the US and its territories. The addition of these two coins expands the digital payment platform’s crypto lineup, which also includes its own PayPal USD ($PYUSD), Bitcoin ($BTC), Ethereum ($ETH), Litecoin ($LTC), and Bitcoin Cash ($BCH). You can’t send $SOL and $LINK to supported external crypto wallets just yet, though. PayPal has slowly but surely embraced crypto over the past few years. In 2023, it allowed users to transfer crypto to Venmo and launched its own stablecoin, $PYUSD. Its native token is available in both Ethereum and Solana blockchains, making transactions faster, cheaper, and more reliable. Solana Remains the Second-Largest Chain, but Solaxy Can Make It Even Better When it comes to size, nothing currently touches Ethereum. But Solana is gradually making headway. In a report by Messari, the chain’s GDP jumped from $268M in Q3 2024 to $840M the following quarter, translating to a whopping 212.8% growth. It also became the second-biggest chain by DeFi TVL, representing the total amount of assets currently deposited in a DeFi protocol, with $8.6B in Q4 2024. While Solana is one of the world’s biggest blockchains, it’s not perfect. Customers often complain about delayed transactions and service disruptions, which negatively impact user experience. But one project wants to change that. Enter Solaxy ($SOLX), a Solana Layer 2 blockchain that aims to address Solana’s common pain points like network congestion, failed transactions, and scalability limitations. Powering this project is its native token $SOLX. It’s a…

---

Filed under: News - @ April 3, 2025 11:23 am