Plasma is no doubt the most successful launch this year.
Now ranking the 4th largest chain by TVL, surpassing Base, HyperEVM and Arbitrum, in just 4 days.
Aave deposits on Plasma crossed $6.6b, $2.2b in active borrowings.
This makes Plasma the second-largest lending network for @aave after Ethereum.
This remarkable growth is driven by @USDT0_to and Aavethena.
→ $3.93B in USDT0 deposits and $2.04B borrowed against it
→ $1B in $USDe cap reached, earning 6.66% APY + 5x Ethena Sats
→ $873M in $sUSDe supplied
Aavethena is becoming the banking layer for stablecoins on new chains.
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