Plasma ecosystem is witnessing the explosive rise of the AavEthena force. In just four days, @aave has recorded a staggering $6.64B in TVL.
Currently, USDe and sUSDe together account for ~30% of Aave’s TVL on @Plasma (~$2.05B), making them the second-largest asset group after USDT. By comparison, USDT0 holds ~58% (~$3.91B).
This also represents 14.28% of the total supply - marking Plasma as the second largest $USDe ecosystem after @ethereum ($12.45B).
And @pendle_fi might be the catalyst for USDe to rise as the No. 1 stablecoin on Plasma.
By expanding its product suite and integrating with Aave to enable PT-USDe looping, Pendle provides the push that will sooner or later position @ethena_labs at the top of the market share, backed by highly competitive yields in this ecosystem.
The real question now is: When will Pendle expand to Plasma?
❌Plasmaavethena = Plasma x Aave x Ethena
✅Pendllasmaavethena = Pendle x Plasma x Aave x Ethena
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