Stablecoin liquidity on @Plasma is quietly reaching a level that’s hard to ignore.

Total stablecoin liquidity is hovering around $1.94B, with USDT making up ~77% of that pool. That’s important. It suggests users aren’t just parking capital, they’re actually moving real value through the network. Chains built for payments live or die by flow, not TVL screenshots.

That usage shows up in activity too. Weekly DEX volume has crossed $146M, up 20%+ week-over-week, which points to growing transactional demand rather than short-term farming behavior. These aren’t tiny test numbers, they’re meaningful on-chain flows.

On the market side, $XPL is trading in the $0.08–$0.09 range, with a circulating market cap near $180M. What stands out is liquidity: 24h trading volume above $50M, signaling sustained interest even while broader crypto sentiment remains soft.

What makes this more than a dashboard story is utility. Zero-fee USDT transfers are already live, removing friction for payments. On top of that, card integrations that convert stablecoins into real-world spending at 150M+ merchants worldwide are rolling out. That’s the kind of infrastructure that turns a blockchain into a financial rail, not just another DeFi venue.

Growth isn’t guaranteed. Competition in the stablecoin and payments layer is intense, and execution matters. But when you combine deep stablecoin liquidity, rising DEX volume, active token markets, and expanding real-world payment integrations, Plasma starts to look less like a speculative bet and more like an ecosystem worth tracking.

I’m watching this one closely.

$XPL #plasma