one key crypto wallet - Plasma TVL surpasses $2 billion, becoming the 7th largest blockchain.
ChainCatcher report: According to DefiLlama data, Plasma, a Layer 1 blockchain built for global stablecoin payments, has reached a total value locked (TVL) of $2 billion, marking a 27% weekly increase and over 80% monthly growth, propelling it to the seventh-largest blockchain. One key driver of this surge is Plasma being selected as one of the first supported networks for Tether’s self-custody wallet, launched on April 14, alongside Ethereum and Arbitrum.The wallet supports USD?, XAU?, USA?, and Bitcoin, enabling users to transact without needing separate gas tokens. According to CoinDesk, the exact catalyst for Plasma’s TVL growth remains unclear, but may be linked to optimistic expectations surrounding the potential approval of the U.S. CLARITY Act.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
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