Solana Jumps in Price After PayPal and Venmo Roll Out Support for SOL and Chainlink (LINK)

Solana defied the crypto market doldrums and surged by more than 5% on Friday after the retail payment giants PayPal and Venmo rolled out support for SOL .

PayPal announced on Friday that users of both payment platforms could now buy, sell, hold and transfer SOL and LINK , the native asset for the decentralized oracle platform Chainlink.

LINK jumped by more than 1% on Friday and is trading at $13.00 at time of writing. Meanwhile, SOL rose from $117.15 to a high of $124 before closing the trading day at $122.78.

By comparison, the overall crypto market cap dipped by nearly 1% in the past 24 hours and nearly 2% in the past week, per data from CoinGecko .

Crypto prices have dropped as President Donald Trump’s new wave of tariffs rattles global markets. Trump signed an executive order on Wednesday that slapped a 10% baseline tariff on all imported goods entering the US, with the stated goal of protecting domestic manufacturing.

He also issued a proclamation detailing “reciprocal tariffs” on dozens of specific countries effective April 9th, with rates totaling up to 54% on China.

PayPal acquired Venmo’s parent company, Braintree, back in 2013 for $800 million. In addition to LINK and SOL, the payments firm also supports Bitcoin ( BTC ), Ethereum ( ETH ), Litecoin ( LTC ), Bitcoin Cash ( BCH ) and the stablecoin PayPal USD ( PYUSD ).

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