Plasma DeFi TVL has increased to nearly 5 billion USD, surpassing Base to rise to sixth place in the Blockchain DeFi deposit value ranking.

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On September 28, according to Defillama data, the DeFi TVL of the stablecoin L1 Blockchain Plasma increased to $4.924 billion three days after its launch, with a nearly 24-hour growth of 39.81%, surpassing Base and Arbitrum to rise to the sixth position in the blockchain DeFi deposit value ranking, mainly due to the Plasma lending vault and the users of the partnered DeFi protocols locking assets can earn the network's native Token XPL. The total amount of deposits in the Plasma official lending vault is currently reported at $2.91137 billion, with an APY of 23.85%. Plasma has currently integrated 17 protocols on-chain, with a 24-hour DEX trading volume of $215.47 million. According to CEX market information, the current price of XPL is $1.48, with a market capitalization of $2.66 billion and a fully diluted valuation of $14.82 billion.

XPL1.62%
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