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Plasma Lending Vault TVL Hits $1.4 Billion on Mainnet

Plasma Network’s DeFi total value locked (TVL) has risen to $4.947 billion, marking a 40.48% increase in 24 hours and surpassing Base Network’s TVL.

Summary

Plasma Network's DeFi total value locked (TVL) has reached $4.947 billion, according to DefiLlama data. This marks a 40.48% increase in the past 24 hours, surpassing Base Network's DeFi TVL. The surge highlights significant growth in the platform's DeFi ecosystem.

Terms & Concepts
  • Total Value Locked (TVL): The total value of assets deposited in a DeFi protocol, representing user funds committed for earning yields or providing liquidity.
  • DeFi: Decentralized Finance, a financial system built on blockchain technology that operates without traditional financial intermediaries.