I stared at the K-line chart for half a day, and Plasma's trend is simply like a patient with a straightened ECG. Compared to the bustling scene of the local dogs flying around in Solana next door, this place is so quiet that it's even a bit scary. But it is precisely this calm dead fish state that makes me smell a different flavor. The current market is too restless, with everyone engaging in PvP in the L2 red sea, rolling and dying for a few points of Gas, yet forgetting that the essence of Web3 payments is not how high the TPS is, but how poor the user experience is.
These past few days, I have been digging into their technical foundation, and the Paymaster mechanism is quite interesting, completely abstracting away the Gas fees. Just think about it, making ordinary people with MasterCard go to exchanges to buy some ETH for Gas to transfer is inherently anti-human logic. Plasma is now using Oobit and Rain Cards as a way in, clearly wanting to go down the compliant fiat channel, after all, the MiCA license is not just for show. Plus, by leveraging Bitcoin's security through Babylon, it addresses the security risks in the impossible triangle while maintaining EVM compatibility, making this hand play very stable.
Most retail investors are still fixated on the ups and downs of the last couple of days, cursing, yet they can't see the pipes that institutions are quietly laying. The payment track itself is just a dull infrastructure; it doesn't have the fast cash of a casino, but it is a necessity among necessities. The current downward trend feels more like cleaning out the weak chips, and when the real compliant payment tide rushes in, today's quietness will be tomorrow's moat. Those still in the market at that time will either be trapped fools or hunters who understand the endgame.
@Plasma $XPL
