While everyone is speculating on Chain Abstraction, Plasma has quietly revitalized the old money in Bitcoin; this is what DeFi should look like in the second half.
Recently, I have also been reflecting on a question: we, the people in Crypto, keep shouting about disrupting Wall Street, but most of the time we are just cutting each other in our own little circle. The concept of Chain Abstraction has recently become extremely popular, with various VCs making crazy bets, but in my opinion, most projects are still stuck in the PPT stage. It wasn't until I dug deep into Plasma's on-chain data and architectural design that I discovered this guy quietly made 'Chain Abstraction' a reality, and his approach is quite sharp—directly targeting the hundreds of billions of dormant assets in Bitcoin.