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Details: ht
Plasma stablecoin Blockchain launched with over $4 billion in Lock-up Position within 24 hours, XPL price rises by 30%.
On September 27, 【Block Rhythm】, the stablecoin L1 Blockchain Plasma went live, absorbing over 4 billion dollars in Crypto Assets within 24 hours, ranking eighth in the value of deposits in Blockchain DeFi. This is mainly due to users in the Plasma lending vault and collaborating DeFi protocols being able to earn the network's native Token XPL from locked assets.
The initial success of Plasma has driven the price of XPL tokens up, with XPL rising 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 early investment platforms last November, this means an astonishing return of up to 324 times.