Brothers, stop worrying about the K-line of $XPL . After researching @Plasma for so long, I realized that we shouldn't look at its current coin price (after all, it has dropped significantly from its peak), but rather we should study its so-called "new bank" (Neobank) layout named Plasma One.
Why do I say this? Because while everyone is competing on TPS, Plasma is already engaged in a "dimensionality reduction attack".
1️⃣ It is an "Alipay" disguised as a public chain. Look at what Plasma One is currently testing: it comes with a Visa card, instantly converts USDT to fiat currency on-chain when swiping the card, and connects payment gateways like Stripe and Shift4. This is not just for you to buy meme coins on-chain; it aims to directly replace unreliable local bank accounts in countries with severe inflation like Turkey and Argentina. Your balance on-chain not only allows you to buy coffee at any time but also automatically purchases U.S. Treasury bonds to earn a 10% annualized return.
2️⃣ The "stealing the sky to change the day" of value logic. Many people criticize XPL as useless because transferring USDT doesn't require Gas. This is precisely its most cunning aspect—today's "free" is a subsidy to user habits. Once millions of users are accustomed to using it for card payments, the real **merchant fees** will be the main force behind token destruction. This is not an economic model of a public chain; it is clearly the profit model of Visa and PayPal!
3️⃣ The endgame in 2026. Currently, the $3.3 billion TVL lying on-chain is "dead money". If Plasma One can turn this money into high-frequency, liquid "live money", the current floor price is a golden pit.
🤔 Soul-searching question: Do you think the public chains that only produce Memes will survive in the next bull market, or will this "Web3 bank" that allows you to buy water at the convenience store downstairs survive? I understand the logic, so I choose to ambush. What about you? 👇
