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Plasma’s savings vault tops $2.7B in deposits within 24 hours of mainnet launch

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Daily Bits
Sep 29, 2025
3 min read

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Daily top performer — Berachain (BERA)



The S&P 500 fell 0.31% last week but is still up 2.8% in September, with focus shifting to Friday’s jobs report. Gold trades above $3,750 after US PCE data met expectations, reinforcing Fed rate cut bets. Geopolitical uncertainty supports safe-haven demand, while traders await Fedspeak for direction. CoinDesk Indices, which track the broader crypto market, rose 2.88% in the past 24 hours, while Bitcoin and Ether down 0.45% and 0.77%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is BERA, up 9.9% as HONEY solidifies its role as Berachain’s native stablecoin.

Berachain (BERA), founded in 2021, is a Layer 1 blockchain using Proof-of-Liquidity consensus to align security with ecosystem liquidity, while remaining fully EVM-compatible. HONEY is Berachain’s native stablecoin, a fully collateralized USD-soft-pegged asset governed by BGT. While the chain also supports bridged stables like USDC and pyUSD, HONEY acts as the core on-chain dollar, with governance tools ensuring flexibility, stability, and resilience for Berachain’s ecosystem. 



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Talk of the town

Plasma’s mainnet launch drove massive inflows as its flagship USDT savings vault, powered by Aave and Veda, pulled in $2.7B in deposits within 24 hours, offering around 20% APY. The rapid growth pushed Plasma’s total value locked to $3.4B, making it the seventh-largest DeFi chain. Alongside the vault, Plasma also debuted its XPL token at a $12.5B fully diluted valuation, while plans for future basis-trade vaults were announced. Aave founder Stani Kulechov highlighted the integration as a strong example of Aave’s liquidity flywheel in action.



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Bitcoin spot ETF flows



Date

GBTC (M USD)

Non-GBTC (M USD)

Total (M USD)

22 September 2025

(24.6)

(338.5)

(363.1)

23 September 2025

0.0

(103.8)

(103.8)

24 September 2025

0.0

241.0

241.0

25 September 2025

(42.9)

(210.5)

(253.4)

26 September 2025

(17.1)

(401.2)

(418.3)

Total (weekly)

(84.6)

(813.0)

(897.6)

Current Total (from inception): 

(24,164)

80,945

56,781



BTC spot ETFs saw $897.6M in net outflows for the week ending Sept 26, 2025, with GBTC losing $84.6M and non-GBTC funds $813M, bringing cumulative flows since inception to $56.8B.



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Airdrop to watch

Paradex, a tokenless perp DEX backed by Paradigm and top trading firms, has confirmed a 20% Genesis airdrop allocation as part of its 57.6% community-focused $DIME distribution. The exchange recently launched zero-fee perpetuals, while its points program (Season 2) runs for five more months, offering traders time to earn rewards ahead of the airdrop.

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