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Details: ht
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.