In a remarkable turn of events, Plasma, the blockchain project backed by Bitfinex, has abruptly risen in stature to become the eighth-largest blockchain in the market. This meteoric rise is attributed to an astounding influx of deposits totaling $3.14 billion, coupled with a significant surge in the value of its native cryptocurrency, XPL. This sudden increase not only highlights the growing interest and confidence among investors but also signifies a crucial moment in the evolving landscape of blockchain technology and digital assets.
source: https://blocknews.com/bitfinex-backed-plasma-becomes-8th-largest-blockchain-overnight-with-3-14b-deposits-and-xpl-surge/