Plasma (XPL) has experienced a strong surge in the past 24 hours as its native asset gains 57% following the network’s launch on Aave.
Data from DeFi Llama shows that the total value locked (TVL) of this L1 has quickly surged from $5 million to $3.4 billion in just a day.
The global financial rails powering Money 2.0 go live tomorrow. pic.twitter.com/4zSquTRAGs
— Plasma (@Plasma) September 24, 2025
Meanwhile, the Plasma Market on Aave has grown to $4.5 billion in a day amid its attractive yields on USDT deposits of 15.4%.
Plasma was launched on Thursday. This L1 is a purpose-built blockchain that allows users to transfer stablecoins with zero commissions. Binance listed the network’s native asset, XPL, yesterday and is currently offering a 3.6% annual percentage rate (APR) through its Earn program for flexible lock-ups.
Trading volumes have surged by $5.3 billion for this token, resulting in a 58% increase in the past 24 hours. These volumes now account for 225% of the asset’s circulating market cap, emphasizing how strong the buying pressure has been after the launch of Plasma on Aave.
Apart from Binance, Upbit has also picked up XPL and is currently responsible for nearly 19% of its trading volumes.
This project has some ambitious plans that may include the issuance of a payment card, anonymous payments via the Plasma network, and the use of custom tokens to pay for gas fees.
Plasma could be embraced by developers as a purpose-built blockchain to deploy payments apps that use stablecoins to send cross-border remittances, instant crypto transfers, and more.
Plasma (XPL) Finds Support at $1.1 – Can It Keep Rising?
Looking at the hourly chart, the token has encountered some strong selling pressure at $1.4 and has dipped twice to the $1.1 level shortly afterward.
However, its ability to recover once it hits that level shows that buying interest is still strong for XPL.
Plasma’s use case is interesting, as this would be the first network to specialize in stablecoin transfers. Its early success on Aave shows that there’s significant interest for this kind of solution out there.
The Relative Strength Index (RSI) is hovering near overbought territory, but we would need many more days to be able to analyze the price action in a way that one can predict a path for XPL.
As long as the $1.1 support holds, the price of this token should continue to rise. A plausible target in the near term could be $2, as that would mean a market cap of $3.6 billion, which results in a TVL-to-Market-Cap ratio of 100%.
This is not an unfathomable ratio for a nascent project with such good prospects.
Early buyers may have been the ones to reap the highest returns out of their XPL investment. New crypto presales like Pepenode ($PEPENODE) are still flying below the market’s radar and could be the next in line to deliver big gains.
Pepenode ($PEPENODE) Gamifies Meme Coin Mining – Raises $1.4M in a Heartbeat
Pepenode ($PEPENODE) is a mine-to-earn (M2E) game that offers a fun way to gain big by mining meme coins and climbing the leaderboard.
The game keeps participants engaged from day one through its virtual mining system. To get started, players set up a virtual server and can add rigs to start mining $PEPENODE. They can further invest in fine-tuning and upgrading their setup to mine more and reach the top.
Top miners can unlock bonus airdrops of well-known meme coins like $PEPE and $FARTCOIN, along with the respective bragging rights.
The project also tackles some of the issues that have plagued the reputation of other presales with anti-bot protections, referral rewards, and a deflationary model that burns 70% of the $PEPENODE tokens spent on upgrades.
With nearly $1.5 million raised in under a month, it’s clear that this gamified approach to mining has already captured investors’ attention.
For those who want to get in early, the presale is already live. Simply visit the official Pepenode website, connect your wallet (e.g., Best Wallet), and swap USDT, ETH, or SO.
Or you can also use a bank card to invest.
