Let me recap the first 10 days of launch:
- #5 largest chain in the world by stablecoin supply with ~$7 billion
- #3 largest chain for USDโฎ only behind Ethereum, Tron and BSC
- #5 largest chain by DeFi TVL with ~$8.7 billion (including borrows)
- Second largest Aave instance
- River sends his regardsIn just 2 days, stablecoin supply on Plasma has surpassed $7 billion. The future is bright.
00:00 - While Plasma One is our own flagship neobank, weโre actively looking to onboard more teams building neobanks on Plasma. We donโt view other neobanks as competition. The world is far too large and diverse for a single product to win it all. Just look at how Revolut, Monzo, and
- New all-time high of more than 5.3B USDโฎ on Plasma
- We knew from the beginning that the chain was only part of the journey. The harder challenge is making the infrastructure useful and reaching real distribution. Plasma One is where that work comes together. A stablecoin bank built on Plasma that turns the vision into somethingIntroducing Plasma One: the one app for your money.
00:00 - Pre-mainnet and post-mainnet are entirely different games. What I focus on most is team talent density and execution. In crypto youโre always adjusting how you operate, but nothing changes a company more than going from pre-launch to live. Excited for the next chapter.
- Last year, when we started Plasma, people kept asking why build a stablecoin chain. Now Stripe, Circle, and dozens of others are racing to do the same. Things just got a lot more fun. I look forward to the competition.
- I think itโs important to be honest about the challenge ahead. Chains donโt find true PMF on day 1, month 1, or even year 1. What matters is making intentional long-term decisions consistently, the right partnerships in DeFi, payments, institutions, and building products that canSeptember 25, 8:00 AM ET.
00:00 - This is one of the biggest DeFi integrations in history, with the widest net new distribution yet. Our priority remains bringing net new users onto better financial rails.For the first time, the worldโs largest crypto exchange brings cryptoโs largest lending protocol into its Earn suite, powered by Plasma. 280M+ Binance users can now earn with Plasma USDโฎ via Aaveโs lending rails, with more incentives ahead. The future is bright, on Plasma.
00:00 - Just one more thing
- Thrilled to announce our $24M fundraise. I'm incredibly grateful for the trust and support from our amazing partners. @pauliepunt was the person who got me into crypto. He was my college roommate, a close friend, and someone I've always deeply respected. When he called to share1/ Today weโre thrilled to announce that weโve raised $24M, led by @hiFramework and @bitfinex / @USDT0_to to build the leading blockchain for stablecoins.
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