According to BlockBeats, on September 27, the stablecoin L1 Blockchain Plasma attracted over $4 billion in Crypto Assets within 24 hours, ranking eighth in the value of deposits in Blockchain DeFi. This is mainly due to the Plasma lending vault and the users who lock assets in the cooperating DeFi protocols can earn the network's native Token XPL. The initial success of Plasma has driven the rise of the XPL Token price, which has increased by 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 at the public offering in June. For investors who participated in Plasma's seed round on the early investment platform Echo last November, this means an astonishing return of up to 324 times.
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