Plasma TVL rises to $2 billion, ranking as the seventh-largest public chain

robot
Abstract generation in progress

Mars Finance reports that, according to DefiLlama data, the total value locked (TVL) of Layer 1 blockchain Plasma—built specifically for global stablecoin payments—has reached $2 billion, up 27% week over week and more than 80% month over month, rising to become the seventh-largest blockchain. One of the key drivers behind this round of growth is that Plasma was selected as one of the initial supported networks for Tether’s self-custody wallet launched on April 14, alongside Ethereum and Arbitrum. The wallet supports USD₮, XAU₮, USA₮, and Bitcoin, enabling users to trade without holding independent Gas tokens. According to CoinDesk, the factors driving Plasma TVL expansion are still unclear, but may be related to optimistic expectations that the US CLARITY Act bill could be approved.

XPL0.65%
ETH5.96%
ARB11.59%
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
Add a comment
Add a comment
No comments
  • Pin