According to the DeFi TVL rankings, Plasma is currently ranked seventh, surpassing Arbitrum.
Indeed, a powerful chain is truly powerful.
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 enticing. If these incentives disappear, I don't know how long this TVL can be maintained.
Currently, the 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 not low, so everyone has chosen to go here.
I also saw a meme coin "Trillions" whose current FDV has risen to 7 million USD.
Currently, the price of XPL is 1.42 USD, and I can only say that everyone is really fomoing.
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