The Bitcoin ecosystem is buzzing with the Runes comeback after the summer dip, and Plasma is leading the trend with native integration. According to DefiLlama, Plasma's TVL increased by 15% in the first week of November, reaching 550 million USD thanks to inflow from Runes minters. Daily minting volume exceeds 80 million USD, accounting for 40% of total on-chain activity – data from the Dune dashboard #plasma-runes confirms a spike from 200k tx/day to 1.2 million.
The economic model $XPL is boosted by fee capture from Runes: 0.1% per mint goes directly into the treasury, supporting a buyback program that was recently launched in October. The total raise now stands at 60 million USD, with a strategic round of 25 million from Dragonfly Capital, tweet @Plasma 28/10: "Runes on Plasma live! Zero-knowledge minting with Bitcoin security. $25M to accelerate L2 tooling." The partnership with Casey Rodarmor (Runes creator) is iconic, allowing for seamless transfer of Runes assets into DeFi pools on Plasma, pushing liquidity for lending protocols up to 200 million USD.
In-depth analysis: High user retention thanks to low-cost minting (under 0.005 USD/tx), attracting artists and traders from Ethereum. The sequencer currently processes 800 TPS peak, but remains centralized – the Q4/2025 roadmap commits to a hybrid model with off-chain provers to reduce the risk of a single point of failure. Compared to the old BRC-20, Runes on Plasma are 5x more efficient in terms of gas, solving Bitcoin mainnet congestion. However, dependency on the Bitcoin mempool could cause delays if a fee war erupts.
$XPL is moving sideways around 0.0011 BTC after Runes news, with strong support at 0.00095. Accumulate below support for the next wave, but risk of sequencer overload if Runes hype escalates – monitor @Plasma echo scaling updates. Plasma is redefining the Bitcoin fungibles narrative.
