Bitcoin accounted for 42.67% of second transactions by returning retail users on Paybis, exceeding the combined 22.65% share of Ethereum and stablecoins. Paybis data covering August 2023 through August 2026 showed Bitcoin represented 42.21% of first transactions and 42.67% of second transactions, while Ethereum accounted for 10.39% and 10.82%, respectively. Stablecoins declined from 15.29% of first transactions to 11.83% of second transactions. The analysis covered 795,141 users who returned after an initial purchase, including about 557,727 who completed between two and five total transactions. Unlike major exchanges such as Binance and Coinbase, Paybis focuses on crypto on/off-ramp services that allow users to buy and sell digital assets with fiat currencies.