When stablecoins become the 'hard currency' of the crypto market, the pain points of high fees and low efficiency in traditional public chains remain difficult to solve. However, the stablecoin-exclusive Layer1 public chain created by @undefined is redefining the landscape of on-chain payments through technological innovation and ecological layout. Its native token $XPL has also become a hot target in the sector due to its core ecological value. As a public chain that has anchored stablecoin payments from the very beginning, Plasma precisely addresses the core needs of the industry and demonstrates the infinite possibilities of the deep integration between stablecoins and public chains.
Plasma's core competitiveness lies in the technology underlying stablecoins. Its unique PlasmaBFT consensus mechanism compresses transaction confirmation times to under 1 second, with TPS exceeding 1000, perfectly suited for high-frequency small payments; the revolutionary zero-fee stablecoin transfer design also frees users from the burden of Gas fees—ordinary USDT transfers are completely free, and complex operations are only charged based on resource consumption, with the foundation subsidizing Gas costs through Paymaster, truly achieving 'zero-friction' payments. At the same time, Plasma is EVM compatible and supports direct payment of Gas with stablecoins, reducing migration costs for developers and making it easy for ordinary users to engage, which is key to its rapid attraction of ecosystem participants.
As the value carrier of the ecosystem, XPL is not only the staking token of the Plasma network, supporting the secure operation of the entire consensus mechanism, but also the core credential for on-chain governance. Holders can participate in important decisions such as network upgrades and rule-making, and it is also an important carrier of ecological benefits, from staking rewards to Plasma One cashback. XPL runs through the entire ecological value transfer. Its tokenomics design is quite clever, with a fixed total supply of 10 billion tokens, an initial circulating supply of 18%, and a three-year lock-up rule for the team and early investors, effectively alleviating market selling pressure. The inflation rate gradually decreasing from 5% to 3% also enhances the sustainability of token value.
In terms of ecological implementation, @Plasma 's layout is comprehensive and efficient. After the mainnet launch, Plasma quickly partnered with over a hundred leading DeFi protocols such as Aave, Ethena, and Curve, with TVL soaring to $8.7 billion in the first week and over $7 billion injected into stablecoins, ranking among the top five in DeFi; the deep integration with Chainlink has also achieved cross-chain communication and low-latency price feeds, laying a solid foundation for cross-border payments and multi-chain settlements. The Plasma One digital bank aimed at C-end users has broken down the barriers between on-chain and offline payments, supporting Visa debit card consumption in over 150 countries, with 4% cashback on purchases and over 10% annual yield on USDT, allowing stablecoins to truly enter daily payment scenarios and extending Plasma's ecological value from on-chain to offline.
Backed by endorsements from top capital figures such as Tether CEO Paolo Ardoino and PayPal co-founder Peter Thiel, and in deep collaboration with leading exchanges like Binance, @undefined from its inception, it has possessed a unique resource advantage. Binance launched $XPL trading pairs early on and has attracted users to participate in the ecological construction of Plasma through activities like airdrops and staking rewards. Today's Plasma is not only a technically robust public chain but also a stablecoin ecosystem that integrates payment, DeFi, and digital banking, its positioning centered around stablecoins precisely aligns with the trend of the crypto market moving towards practicality and real-world application.
In the current environment where the total market value of stablecoins has surpassed $300 billion and payment volumes rival traditional financial giants, @undefined is driving the innovation of on-chain payments as a new infrastructure for stablecoin payments. XPL, as the core of the ecosystem, will continue to release value as the Plasma ecosystem expands. In the future, with further implementation of scenarios like cross-border payments and offline consumption, Plasma may become an important bridge connecting traditional finance and the crypto world, while XPL will welcome greater development space in this payment revolution.#plasma $XPL
