Key Insights:
PayPal USD to roll out on Arbitrum network and what it means for growth.
PYUSD dominance recap after expanding to multiple networks in 2025.
PYUSD stablecoin market cap retreats as attention shifts to altcoins.
PayPal USD (PYUSD), the stablecoin launched by PayPal, has been one of the relatively newer stablecoins making waves in the market over the last few months. It sparked renewed interest earlier this year courtesy of expanded network support.
PayPal USD was initially limited to the Ethereum and Solana networks. However, in 2025, the stablecoin expanded to Berachain, Flow, and Plumme mainnet.
The expanded network support so far this year may have aided in PYUSD’s growth and adoption. For context, its market cap briefly surged above $1 billion in June but has since retreated to about $841 at press time.
PayPal USD Market Cap | Source: DeFiLlama
But, despite the expanding support, PayPal USD still struggled to sustain a positive growth trajectory. A clear sign that adoption was still low, but recent developments revealed another attempt at going mainstream.
PayPal to deploy PYUSD onto Arbitrum
Recent reports revealed that PayPal USD was headed for the Ethereum’s top Layer 2 network, Arbitrum. The move, which was aimed at boosting cross-chain utility also highlighted efforts towards pushing PYUSD deeper into the crypto mainstream.
The stablecoin was previously deployed on the Stellar network with the goal of expanding accessibility to businesses. However, this latest expansion underscored an effort to push deeper into traditional finance.
The launch came barely 2 weeks after Arbitrum confirmed its integration with the Robinhood trading app. These developments could indicate that PayPal USD was looking to take advantage of growth opportunities linking DeFi liquidity with Robinhood.
The potential upside was that Arbitrum could offer an avenue for PayPal to push into mainstream use or adoption. In other words, the stablecoin has a chance to play a critical role in bridging the gap between WEB3 and traditional finance.
While the latest developments could potentially push PayPal USD towards more mainstream adoption, recent performance underscores weak uptake.
PayPal USD dominance and volumes reveal the state of demand
Dominance data revealed that the highest share of PYUSD tokens was on the Ethereum network. The latter controlled over 65% of the PayPal USD stablecoin circulation, making it the dominant network.
PayPal USD Network Dominance | Source: DeFiLlama
Solana which had previously overthrown Ethereum in terms of Dominance in August 2024, was down to 24.6%. Solana’s initial surge in dominance was largely driven by high yields on the stablecoin.
The yields which were aimed at boosting adoption have since declined. As a result, PayPal USD volumes have declined considerably, revealing that it was yet to attain critical organic mass.
According to DeFiLlama, the stablecoin’s volumes on Ethereum network were down by 16% in the last 4 weeks and 3.20% on the Solana network. Berachain had the highest dip at over 24%. However, volumes on Flow network were up by 10.5%.
The retreating volumes may explain why PYUSD’s marketcap has been struggling to stay above $1 billion. Another potential reason could be the heavy outflows as liquidity flowed into Bitcoin and altcoins.
However, some of the top stablecoins such as USDT and USDC still maintained healthy marketcap growth during the same period. This meant the stablecoin’s declining marketcap was likely not due to the recent rally but rather linked to limited adoption.
The expansion into Arbitrum raised question as to whether Arbitrum may offer a Hail Mary for the PayPal USD stablecoin. On-chain data recently revealed that the Ethereum layer 2 had the highest net bridge flows.
It was thus a no-brainer that Arbitrum was the next best destination in PayPal USD’s expansion journey.
The post PayPal USD’s Expansion to Arbitrum: What it Means for the Stablecoin appeared first on The Coin Republic.
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Berachain price performance in USD
The current price of Berachain is $2.3490. Over the last 24 hours, Berachain has increased by +6.53%. It currently has a circulating supply of 120,546,264 BERA and a maximum supply of 503,066,091 BERA, giving it a fully diluted market cap of $286.06M. At present, Berachain holds the 112 position in market cap rankings. The Berachain/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Quick overview of Berachain
Berachain started as an NFT project. Now, it’s a Layer-1 blockchain with EVM capabilities that helps address liquidity and security issues.
Its unique Proof of Liquidity consensus rewards users for providing liquidity and boosts network security.
Berachain is currently on a testnet. The mainnet launch is expected by the end of 2024.
Ethereum decentralized applications can be easily deployed on Berachain because it uses EVM and the BeaconKit modular framework.
The $BGT token manages governance, empowering liquidity providers and promoting decentralized decision-making.
What is Berachain?
Berachain is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain built on the Cosmos SDK. This means it combines the flexibility and developer-friendly environment of Ethereum with the scalability and interoperability of the Cosmos ecosystem. Designed to support decentralized applications (dApps) and smart contracts, Berachain aims to provide a seamless experience for developers and users alike.
The project has garnered significant attention due to its innovative approach to blockchain architecture and its focus on creating a sustainable and efficient ecosystem. With the Berachain mainnet launch on the horizon, the crypto community is eagerly anticipating its potential to revolutionize the industry.
What sets Berachain apart from other Layer-1 blockchains is its Proof of Liquidity (PoL) consensus mechanism. Instead of using staked tokens to secure the network, like Proof of Stake (PoS), Berachain focuses on liquidity. It rewards its community members who provide liquidity for trading and governance, so the more active the network is, the more secure it becomes. This aligns the incentives for everyone in Berachain, from validators to participants.
Berachain is powered by BeaconKit, a modular framework that builds on the EVM and leverages Cosmos SDK. This adds flexibility, allowing Berachain to scale while keeping the network user-friendly for developers.
What is the difference between Berachain and Ethereum (ETH)?
Berachain is a Layer-1 blockchain, offering a unique approach to speed and security. If you’re familiar with Ethereum, you’re in good shape because Berachain is EVM-identical — meaning it works just like Ethereum but with its own twist. Berachain uses the same tools and clients (like Geth and Nethermind) that Ethereum developers use, so no extra setup is required. Every time Ethereum gets an upgrade, Berachain can adopt it right away.
The main difference between Berachain and Ethereum lies in their consensus models: Berachain uses proof of liquidity, while Ethereum relies on proof of stake. Berachain is fully EVM-identical, meaning everything that runs on Ethereum can run on Berachain, too.
Who is behind Berachain?
Berachain’s bear-themed crypto project is run by a group of pseudonymous co-founders known as Homme Bera, Dev Bear, Papa Bear, and Smokey the Bera. Berachain is the co-founders' main foray into the industry after the NFT project “Bong Bears” and other associated collections.
How does Proof of Liquidity (PoL) work?
PoL is different from traditional consensus mechanisms like PoS. PoL rewards participants for providing liquidity while also securing the network. Let’s break it down.
With PoS, validators stake tokens to help validate transactions and make sure the network is secure. By staking, you earn rewards in return.
But with PoL, there’s a different twist. Validators not only stake tokens but also provide liquidity.
Instead of locking up your tokens, they actively contribute to the decentralized exchange and liquidity pools.
This means the tokens are making Berachain more efficient while still securing the blockchain.
What is BeaconKit?
BeaconKit is the modular consensus layer powering Berachain, and it’s built using the Cosmos SDK. It provides flexibility for Ethereum-based blockchains, by giving developers the tools to create Layer-1 and Layer-2 solutions.
BeaconKit helps Berachain remain EVM-compatible, where any Ethereum decentralized application (DApp) or smart contract can be deployed on Berachain without making any changes.
What are Berachain DApps: BEX, Bend, and Berps
BEX: Decentralized Exchange - Facilitates decentralized trading and liquidity.
Bend: Lending Protocol - Allows users to lend and borrow crypto assets using PoL.
Berps: Perpetual Futures - Enables perpetual futures trading on Berachain.
How does $BGT manage governance?
$BGT is Berachain’s governance token, which incentivizes participation for their community members. $BERA is a gas token, used for transactions and staking.
Proposals: Any $BGT holder can propose changes to the Berachain network.
Voting: $BGT holders vote on whether to approve or reject proposals.
Execution: If a proposal is approved, it enters a waiting period before implementation.
What is $HONEY?
$HONEY is Berachain’s stablecoin. It can be used for trading, lending, and borrowing across the Berachain platform.
How to Claim BERA on OKX Wallet
Step 1: Download and set up OKX Wallet.
Step 2: Connect to Berachain.
Step 3: Participate in the Token Generation Event (TGE).
Step 4: Start exploring the Berachain ecosystem.
What is Berachain and Why It Matters
Berachain combines EVM compatibility with the Proof of Liquidity mechanism. This not only allows the community to stake tokens but also contribute to liquidity and be rewarded for their contributions.
For developers, Berachain provides tools like BeaconKit, which makes it easier to scale both Layer-1 and Layer-2 solutions. Meanwhile, participants can access Berachain DApps like BEX, Bend, and Berps for decentralized trading, participating in a lending protocol, and perpetual futures trading.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 69 new posts about Berachain, driven by 46 contributors, and total online engagement reached 28K social interactions. The sentiment score for Berachain currently stands at 82%. Compared to all cryptocurrencies, post volume for Berachain currently ranks at 12259. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Berachain.
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Posts
69
Interactions
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Sentiment
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Berachain FAQ
How much is 1 Berachain worth today?
Currently, one Berachain is worth $2.3490. For answers and insight into Berachain's price action, you're in the right place. Explore the latest Berachain charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Berachain, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Berachain have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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