Plasma DeFi TVL Surges to Nearly $5 Billion, Overtakes Base to Rise to Sixth in Blockchain DeFi Deposit Value Ranking

BlockBeats News, September 28th, according to Defillama data, the TVL of stablecoin Layer 1 blockchain Plasma, which went live 3 days ago, has increased to $49.24 billion, with a 24-hour growth rate of 39.81%. It has surpassed Base and Arbitrum to rise to the sixth place in the blockchain DeFi deposit value ranking, mainly due to the Plasma lending treasury and users locking assets in partner DeFi protocols being able to earn the network's native token XPL. The total deposited amount in the Plasma official lending treasury is now reported to be $29.1137 billion, with an APY of 23.85%.

Plasma's on-chain currently integrates 17 protocols, with a 24-hour DEX trading volume of $2.1547 billion. According to HTX market information, XPL's current price is $1.48, with a market cap of $26.6 billion and a fully diluted valuation of $148.2 billion.