Plasma explosive growth surpasses XRP early trend, XPL volume skyrockets 5,000%.

In just a few days since the launch of Plasma (XPL) on the Mainnet, its Total Value Locked (TVL) skyrocketed to 6.4 billion USD, placing it among the top five blockchains in DeFi. The volume surged by 5,000%, and multiple on-chain metrics surpassed those of XRP at the same development stage. Analysts predict that the price potential is extremely explosive, with a target aimed at 1.7 USD.

Plasma on-chain indicators have surged explosively, and DeFi ranking has soared to the top five

Although XPL has fallen nearly 15% in the past 24 hours, the continuously growing network adoption and strong on-chain activity continue to support bullish price predictions. Just a few days after the mainnet launch, Plasma has already climbed to the fifth largest Decentralized Finance ecosystem, with a Total Value Locked (TVL) of 6.4 billion dollars, setting the fastest growth rate ever in the DeFi space.

At the same time, the stablecoin reserves on the platform have soared to $5.3 billion, clearly indicating a sustained influx of capital and an increase in market confidence in the Plasma ecosystem. This rapid development has led many analysts to start comparing XPL to the early growth trajectory of XRP, believing that Plasma may replicate XRP's successful path and even surpass it in certain aspects.

AAVE lending data reveals the explosive potential of the Plasma ecosystem

Within the lending protocol AAVE, Plasma has attracted an impressive $6.7 billion in deposits, of which $2.15 billion has been actively borrowed by users. Its lending pool offers an attractive annual interest rate of 9.92%, successfully drawing in a surge of retail and institutional capital.

Nansen's latest data further confirms the explosive growth of Plasma: in the past 30 days, the platform's volume has surged an astonishing 5,000%, a figure that far surpasses XRP's performance at the same stage of development. It is worth noting that such a sharp increase in user activity typically indicates that the ecosystem is about to enter a phase of accelerated expansion.

Plasma Price Prediction: Technical Breakthrough Indicates Potential Significant Increase

(Source: Trading View)

From a technical analysis perspective, XPL has broken through a descending triangle pattern on the hourly chart, indicating that a short-term trend reversal may occur. Although the price briefly retraced after reaching the 200-period EMA, it is currently re-testing the previous trendline resistance from above — a bullish signal that could trigger a new round of breakthroughs.

If XPL successfully rebounds from this key level, the token price is expected to rise to $1, which is an increase of about 15% in the short term from the current level. In the medium term, the rapidly growing on-chain metrics of Plasma indicate that the price may further climb to $1.70 or even higher, suggesting a potential growth space of up to 95% based on the current price.

Comparison of Plasma and XRP: Analysis of Similarities and Differences

Comparing Plasma with XRP, both have shown amazing growth potential in the early stages, but the on-chain metrics for Plasma seem to be growing at a faster rate. It is worth noting that XRP experienced several price surges in its early development, eventually becoming the third largest cryptocurrency in the world.

However, there are significant differences in the core positioning of Plasma and XRP:

· XRP primarily focuses on cross-border payments and collaboration with financial institutions

· Plasma focuses on building an efficient DeFi ecosystem and stablecoin infrastructure.

These differences may give Plasma greater room for immediate growth in the current DeFi boom, especially considering its strong performance in the lending market.

How should investors respond to the explosive growth of Plasma?

In the face of the rapid development of Plasma, investors should pay special attention to the following key indicators:

· The continuous growth of the AAVE lending market on Plasma

· The trend of changes in stablecoin reserves

· The deployment speed of independent developers and projects in the Plasma ecosystem

From a technical perspective, breaking through the psychological barrier of 1 dollar will be an important milestone for XPL in the short term. If it can successfully break through and stabilize, it will lay the foundation for further increases to 1.70 dollars.

The explosive growth of Plasma could make it a dark horse in the DeFi space this year, with performance potentially surpassing that of XRP at the same stage of development. As the ecosystem further expands and user adoption increases, the value proposition of XPL may gain more market recognition.