It has crashed, really crashed. Last night $BTC it once fell below the micro-strategy cost line ($75719), and the market was full of wailing!
Suddenly someone in the group said, 'This $XPL is probably going to cool down; it has dropped from a maximum of 1.69 to 0.1, and there are still tens of millions of tokens to be unlocked every month. It's another doomed project.'
At this moment, what emerged in my mind was completely different; on the contrary, I not only did not think it would cool down, but rather felt it might be reborn.
#Plasma As an L1 chain built for 'focusing on stablecoin payments', it features zero-fee USDT payments, sub-second confirmations, and Bitcoin-level security. In the billion-dollar stablecoin track, it remains a scarce infrastructure! Currently, the TVL is still maintained above 6 billion, with tens of millions of real transactions every month... The core value has not collapsed, and recently, it has integrated with NEAR Internet cross-chain aggregation, accelerating the landing of sustainable returns with partners like Maple and Pendle, including the 3.5 million $XPL Binance creator incentive activities, indicating that the project is not lying flat and is still working hard!