Most chains celebrate TVL spikes. Is it only that matters?
NO. What alsomatters is credit.

Thats Plasma measures. On Plasma, capital didn’t sit idle it moved.

• $1.58B in active borrowing
• 84%+ utilization on core assets (USD₮0 & WETH)
• Stable 5–6% borrow rates, even as TVL swung from $6.6B to $1.7B

That’s a real market: predictable costs, deep liquidity, usable in both bull and bear cycles.

@Plasma didn’t attract capital.It activated it. #Plasma $XPL