🚀 Plasma Blockchain Breaks Into Top DeFi Rankings with $4B in 24H! 💥
Plasma, the stablecoin-focused Layer 1, has made an explosive entry into DeFi by attracting over $4 billion in deposits within just 24 hours of launch, placing it 8th among all blockchains by DeFi TVL.
The surge comes mainly from its lending vaults and ecosystem protocols, where users are rewarded with the network’s native token $XPL
💹 $XPL Token Impact:
Price jumped 30%, now trading around $1.20
Fully diluted valuation near $12B (vs. $50M at June’s public sale)
Seed investors from November’s Echo round are seeing 324x returns 🤯
Plasma’s rapid rise shows strong demand and confidence, setting the stage for its long-term growth in the DeFi space.