Keeping an eye on $XPL
Plasma is a high-performance, EVM-compatible Layer 1 purpose-built for instant, low-cost, and compliant global stablecoin payments and transfers, and it is particularly optimized for USDT.
It has one of the highest TVL and bridged TVL on the market, and 300K-500K transactions a day on their network with a fee-based burn mechanism. Revenue remains low though.
