Most people’s first reaction upon seeing Plasma is probably—“Oh, here comes another new chain talking about stablecoins.”

But over the past two months, I’ve been closely following its on-chain activity and have personally tried out several rounds of operations. To be honest, my impression has changed. Plasma is no longer just selling the gimmick of “zero fees.” It’s more like quietly building a high-speed highway specifically for capital flows: how money bridges in, how institutions lend on it, and how regular users access this liquidity via mobile—this entire system is already starting to function smoothly.

A few numbers really tell the story. LayerZero’s official team broke down a case: three weeks after Plasma’s mainnet launch, net deposits surged directly to $8 billion. Several analyses later mentioned that it’s one of the fastest public chains to break the $10 billion deposit mark and enter the top ten by TVL. What’s more, this influx of funds wasn’t just built on a single asset—assets like USD₮, USDe, and weETH all entered via LayerZero’s multichain channels working in sync.

Anyone who’s managed liquidity knows what this means: from day one, this chain positioned itself right on the main road for capital. Protocols and institutions aren’t just using it as a test environment—they’re putting real money on the line to stress its settlement and cross-chain scheduling capabilities.

More importantly, from its architectural design, Plasma has treated “interoperability” as a fundamental requirement, not an afterthought. This difference in mindset puts it in a completely different league from many other public chains.