Plasma, the new blockchain from Tether’s sister firm Bitfinex, is off to a strong start. Users have deposited over $4 billion worth of crypto to protocols on the network since its Thursday launch. It’s now the eighth-largest blockchain by DeFi deposits, per DefiLlama data. Plasma’s token incentives are playing a significant role in drawing capital, River, Plasma’s pseudonymous DeFi lead, told DL News. “We predicted a good reception at launch, but the feedback from the market and initial success has surpassed even our most optimistic scenario,” he said.