Around two months after mainnet launch stablecoin supply and daily active addresses on Plasma have now stabilized. Incentives have been cut by more than 95% and stablecoin supply is holding organically at ~$2.1B. Plasma’s Aave market is still the second largest in the world at $4.4B driven by a ~$2B organic USDT lending market. This is the credit foundation every product on Plasma depends on and exactly the outcome we wanted when bootstrapping our ecosystem. Plasma is the 6th largest chain by DeFi TVL and the fastest growing in the top 10 over the past month even as we cut incentives aggressively. h/t @asxn_r @DefiLlama