Recent on-chain data shows that the Plasma ecosystem has delivered a solid performance.

In leading DeFi protocols like Aave v3, Plasma's stablecoin lending and borrowing ratio has now reached the top spot — this is not just a virtual number, but a true reflection of the efficiency of capital movement on this chain. How users vote is exactly how the data speaks. Meanwhile, in comparison with top protocols such as Aave, Fluid, Pendle, Ethena, and others, Plasma's TVL ranking remains firmly in second place, and the ecosystem aggregation effect continues to expand.

Even more interestingly, Plasma has incubated the largest on-chain syrupUSDT liquidity pool, with a scale of approximately $200 million. What does this mean? It provides a sufficient liquidity foundation for derivative innovations and stablecoin experiments, allowing developers to find real, usable depth here.

Behind these achievements is Plasma's long-term accumulation in cross-chain design, capital efficiency, and developer experience. As ecosystem incentive mechanisms and technological iterations advance, Plasma is changing the way on-chain liquidity works — not only aggregating funds but also enabling efficient flow of capital between different protocols, creating a positive feedback loop for DeFi Lego. Every piece of liquidity, every protocol, can find its optimal position on this chain.