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According to the DeFi TVL rankings, plasma is currently ranked seventh, surpassing arbitrum.
Indeed, an awesome chain is awesome.
It is undeniable that the growth of TVL is definitely related to the DeFi incentives in the first week. The APR on the first day was indeed too high and very tempting. If these incentives disappear, it is uncertain how long this TVL can be maintained.
The current TVL is mainly concentrated in the vaults of Aave and Veda, as these two addresses primarily focus on stablecoin mining, and the APR is also quite high, so everyone has chosen these.
I also saw a local dog "Trillions" with the current FDV rising to 7 million USD.
The current price of XPL is 1.42 USD, I can only say that everyone is really fomoing.