The data after the Plasma mainnet Beta launch speaks volumes. Within the first 24 hours, it absorbed over $4 billion in crypto assets, directly ranking in the top eight globally in DeFi deposit value. This is not superficial growth; real funds are flowing in.

On-chain activity is not hype. Currently, the number of active addresses on the network has surpassed 3.39 million, with cumulative transaction counts exceeding 142 million, and the daily transaction volume easily breaking 400,000 transactions. More importantly, the number of smart contract deployments has exceeded 510,000 — indicating that not only is capital flowing in, but developers are actively building on this chain.

DeFi performance is even more impressive. Plasma’s TVL once approached $5 billion, ranking sixth among DeFi deposits, surpassing mainstream public chains like Base. Large amounts of funds are locked in lending vaults and various protocols, making the ecosystem’s vitality visible.

The tokenomics design is also interesting. XPL has a total supply of 10 billion tokens. When the mainnet launched, the circulating supply was strictly controlled by a multi-year unlocking schedule, with the remaining majority allocated to ecosystem growth, staking incentives, and long-term development reserves. This design approach is much more complex than simply looking at candlestick charts.

Ultimately, Plasma’s positioning as a stablecoin payment and settlement infrastructure is rooted in real-world demand, not just digital numbers on paper. The liquidity and application deployment on-chain are the best proof.