The Plasma ecosystem, backed by Tether, has skyrocketed into the spotlight within just a week, quickly positioning itself among the most influential players in the crypto market. Now, it’s edging dangerously close to TRON – the long-standing leader in stablecoins.
Plasma’s Rocket-Like Rise
Massive liquidity is pouring into the Plasma network. Estimates place it between $5.6 billion and over $14 billion. Within its first week, Plasma managed to surpass Arbitrum and Base, climbing to the edge of the top 5 most liquid blockchains.
🔹 Plasma already holds $5.96B in stablecoins
🔹 At the current pace, it could soon surpass TRON ($6.1B)
🔹 Weekend figures suggest Plasma might even challenge Solana
The main drivers of this growth are Aave vaults and native Plasma Savings Vaults, where investors are locking billions of dollars. In the early days, just the USD Vault attracted over $212M, with a significant portion coming from major “whale” wallets.
XPL Token – Big Bets, Big Swings
Plasma also features its own native token XPL, which spiked to $1.67 over the weekend before correcting to $1.33. Still, trading activity remains extremely strong:
Binance: $2.56B in volume
OKX: $1.37B
Hyperliquid: $763M
XPL is currently in its price discovery phase, with its trajectory closely tied to Plasma’s overall performance. With no token unlocks until 2026, supply will remain limited – leaving room for further price growth.
Whales Move the Market
XPL has attracted similar hype to Aster on social media. Big traders are making bold moves – one investor even opened a $6.6M long position with 3x leverage, underscoring just how much excitement the token has stirred.
Can Plasma Keep the Momentum?
The big question is whether Plasma can turn its explosive launch into sustained growth. For now, everything seems to be in its favor – liquidity, community engagement, investor attention, and whale activity. If it maintains this pace, Plasma could soon stand not only alongside TRON but also among the dominant blockchains shaping the future of stablecoins.
#Tron , #Plasma , #Stablecoins , #defi , #CryptoNews
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