Brothers, good evening!
I just checked the market, and these past few days have been really tough for $XPL . The current price is around 0.145 USD, and it has dropped nearly 9-10% in the last 24 hours. The trading volume is still quite strong, exceeding 100 million USD! The entire market is in correction, BTC dominance is rising again, altcoins are being severely hit, but I believe this is precisely the moment when Plasma deserves the most attention— the more it drops, the more it shows that it hasn't been hyped to the sky yet, and the solid fundamentals actually have a better chance to build momentum at the bottom.
As a Layer-1 chain specifically designed for stablecoin payments, @plasma really understands user pain points. Imagine, when you transfer USDT, you no longer have to worry about high gas fees and slow confirmations. On Plasma, you achieve zero fees and sub-second transactions, with block times of less than 1 second and TPS easily exceeding a thousand! Moreover, it is EVM compatible, making it almost seamless for developers to migrate, and the ecosystem has already connected with over a hundred DeFi protocols, along with Plasma One, a native “digital bank” app for stablecoins, which is super friendly for emerging market users, allowing direct deposits, withdrawals, and spending with stablecoins, along with high yields and cashback.
The coolest part is its protocol-level design: using a paymaster system to sponsor gas fees, allowing ordinary users to pay transaction fees directly with USDT, without needing to hold $XPL; it also supports custom gas tokens (like BTC or USDT for payment), which is basically not achievable on other chains. There’s strong backing from Tether, and the team members come from major companies like Apple, Microsoft, Goldman Sachs, Imperial College, and others, with solid credentials. Currently, the TVL of stablecoins on the chain is several hundred million or even higher, with over 100 countries and more than 200 payment methods connected, firmly seizing the future of stablecoin infrastructure. Looking long term, if Plasma continues to capture more stablecoin traffic, multiplying $XPL several times is not a dream. After all, stablecoins are the hardest narrative in crypto, and Plasma is becoming its “highway.”
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