Plasma launched and absorbed over $4 billion in Crypto Assets in 24 hours, ranking eighth in the value of deposits in Blockchain DeFi.

On September 27, the stablecoin L1 Blockchain Plasma went live, attracting over $4 billion in Crypto Assets within 24 hours, ranking eighth in the value of deposits in Blockchain DeFi. This is mainly due to users locking assets in the Plasma lending vault and cooperative DeFi protocols, which allows them to earn the network's native Token XPL. Plasma's initial success has driven the rise in XPL Token prices, which have increased by 30% from the Opening Price, currently around $1.2, corresponding to a Fully Diluted Valuation of nearly $12 billion, a 24-fold increase from the $50 million valuation during the public sale in June. For investors who participated in the Plasma seed round on the early investment platform Echo last November, this means an astonishing return of up to 324 times.

XPL32.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)