When it comes to the new dark horse in the DeFi ecosystem, the project to watch is Plasma. Recent on-chain data is quite interesting—on the top lending protocol Aave V3, Plasma's stablecoin supply accounts for 92.22%, and lending accounts for 97.75%. What does this mean? Simply put, funds are rapidly accumulating.

Looking across multiple leading protocols, Plasma's TVL performance is also quite impressive. Among top DeFi protocols like Aave, Fluid, and Pendle, Plasma remains in the second tier globally. Just within Pendle alone, Plasma contributes 35.6% of the TVL, supported by a liquidity pool of syrupUSDT worth around $200 million.

Low Gas fees combined with high throughput infrastructure advantages have attracted a wave of institutional and strategic traders. Fund accumulation → user growth → more protocols onboarding—this positive cycle is already in motion. In the era of stablecoin-dominated DeFi, Plasma uses these hardcore data to define what a value hotspot truly is.