Plasma Network recently created a significant impact on the Defi landscape by catching up with the basic network in TVL. According to Data from Defillama, which has been shared today by market analyst Coinrank, Defi TVL from Plasma Network has risen after $ 4.947 billion compared to Base’s $ 4.83 billion. Since a few months the Basis has followed the top five Defi networks (Ethereum, Solana, Bitcoin, BSC and Tron), and showed his crucial role in the decentralized financial environment. However, the recent spans of Plasma signal significant shifts in the decentralized ecosystem, which indicates an increasing tide of competition. The development emphasizes the increasing capacity of plasma to attract financial applications in his Layer-1 network.
📈 According to @Defillama, Plasma Network Defi TVL has risen past $ 4,947b, catching up.
⚡ 24 hours of growth: +40.48% #plasma #defi #tvl #cryptonews pic.twitter.com/21fw52yyxq
– Coinrank (@coinrank_io) 28 September 2025
What is behind the performance of Plasma Network?
The success of Plasma Network is attributed to the recent launch of his mainnet (which focuses on Stablecoins) and his native token, XPL, last week, September 25. The rollout of the Mainst and Native Activum marked an important milestone for the protocol that stablecoin payments and coupling -Defi solutions have marked. The launch was enormously successful when Plasma became the eighth largest blockchain after investors flowed to the platform and had deposited more than $ 2 billion in digital assets into the network. Since then, the protocol has continued to sign in investor funds, as a result of which his TVL sustained.
Plasma Network, a new blockchain from Tether’s sister company Bitfinex, has considerably attracted an institutional enthusiasm. After his mainnet launch, Plasma liquidity from more than 100 Defi platforms, including Euler, Fluid, Ethena, Aave, Binance, Chainlink and many others.
The rollout of his indigenous token XPL has also enormously recorded the interest of investors, in particular whales that showed confidence in the ability of the active. The Token immediately went into the funds of customers and rose 54% from $ 0.82 to $ 1.26 on the day of his debut. In the same period, the trading volume of the active rose increased by 17,000%, which increased its market capitalization to $ 228 million. The price of XPL is currently floating at $ 1.45.
The current price of XPL $ 1.45.
The solution and comparison of the Plasma network with basic
Although Plasma has overtaken the basis in TVL, the two protocols differ considerably in terms of their business activities. Base, a Layer-2 network driven by Coinbase, is intended to develop a safe, cheap ecosystem on the chain for Dapps and Cross-Chain connectivity. On the other hand, Plasma is a low-1 blockchain that concentrates on stablecoin optimization and wants to be the center of Defi applications where stable assets play a crucial role.
