The New Powerhouse of Stablecoin DeFi
@Plasma has solidified its position as a "stablecoin king", now ranking #2 in TVL across major protocols like Aave, Fluid, Pendle, and Ethena—surpassed only by Ethereum mainnet.
With over $2.68B on Aave and $1B+ on Pendle, Plasma’s total TVL has surged into the billions. It currently boasts the highest stablecoin supply/borrow ratio across all Aave V3 deployments. This deep liquidity, driven by assets like USD₮0 and Ethena’s sUSDe, creates a "global credit layer" offering lenders steady yields and borrowers low-cost capital.
By combining zero-gas payments with deep integration across DeFi’s top yield engines, Plasma is no longer just a fast chain it is the primary hub for stablecoin lending and farming in 2026.
XPL
0.1428
+12.97%