Plasma Network has recently created a significant impact in the DeFi landscape by overtaking Base Network in TVL. According to data from DefiLlama shared today by market analyst CoinRank, Plasma Network’s DeFi TVL has surged past $4.947 billion compared to Base’s $4.83 billion. For several months, Base has been closely following the top five DeFi networks (Ethereum, Solana, Bitcoin, BSC, and Tron), showing its critical role in the decentralized finance environment. However, Plasma’s recent surge signals significant shifts in the decentralized ecosystem, indicating a rising tide of competition. The development highlights Plasma’s increasing ability to attract financial applications in its Layer-1 network.