Fame should be seized early. Plasma's initial appearance was as dazzling as a meteor. Back then, Plasma's 200,000 airdrop, combined with TGE holding 1U for 10,000 airdrops worth 10,000U, created a legendary return rate of 10,000 times, igniting the entire market and intensifying people's FOMO emotions, achieving unprecedented popularity, with everyone's attention focused on Plasma. However, the price of XPL dropped from a high of nearly 1.7U to around 0.97U, and this high-performance public chain specifically designed for stablecoins is now facing a crypto market winter. However, it is clear that Plasma is not sitting idly by. Let's witness Plasma's resurgence from the following aspects.
I. Technical Advantages
Plasma's core advantage is that it is a high-performance public chain specifically set up for stablecoins, much like a character from a martial arts novel dedicating their life to mastering a sword. Plasma is also designed to differentiate itself from other public chains like #ETH and SOL.
1. Speed and Security
Plasma regularly uploads its state to $BTC mainnet, utilizing Bitcoin's consensus mechanism to ensure that transaction data cannot be tampered with, guaranteeing transaction certainty and security. Unlike other public chains, Plasma reserves a space specifically for stablecoin payments, which is Plasma's unique advantage, allowing it to focus on user experience due to the leading position of stablecoins.
2. Zero fees is the best advertisement
Through unique mechanisms and special backgrounds, Plasma has achieved zero fees for ordinary USDT transfers. Cheap is the best advertisement, attracting users and reducing the gas friction of using stablecoins in daily life, making stablecoins more accessible in people's daily lives.
II. Plasma's rural encirclement strategy
Currently, in some special regions of the world, such as the newly developed Southeast Asia for cross-border e-commerce and the severely inflationary regions of Africa, the demand for US dollar stablecoins is very strong. Traditional banks have high cross-border fees and various issues with local fiat currency rapidly depreciating, which Plasma accurately captures as entry points. Through deep cooperation with Tether, Plasma can effortlessly establish a foundation for USDT across the board. Moreover, backed by strong capital, Plasma can easily collaborate with large institutions and banks, turning competition into cooperation, achieving win-win solutions. Additionally, Plasma provides users with a three-in-one dollar consumption system for savings, consumption, and returns through Plasma One digital bank, realizing an ecological closed loop. It first attracts users through zero-fee transfers, retains them through stablecoin returns, and guides users to use stablecoins for daily consumption through cash back. This is Plasma's layered approach.
III. Plasma's ecological layout
For any enterprise, the moat is the most important. Plasma's moat lies in these aspects:
1. Cooperation with leading protocols brings liquidity: Plasma partnered with leading protocols like AAVE and Ethena at its launch to bring liquidity and sustainable income to the ecosystem, attracting developers and users. Cash flow is Plasma's biggest moat.
2. The Plasma token economic model is based on fee destruction and a gradual reduction in annual inflation rate. As long as stablecoin transactions continue to rise, it can destroy its native token XPL through fee destruction and gradually reduce the token supply through the decline in annual inflation rate, achieving a deflationary model that feedbacks token value.
IV. Competitive Advantage
Facing the strong capabilities of other public chains, Plasma does not directly confront them head-on but instead seeks to achieve differentiated competition. For instance, leveraging the first-mover advantage of #TRX , Plasma has absolute dominance in zero-fee strategies for small and frequent transactions. In previous competitions, it has already forced TRX to lower fees. With its unique technical architecture and strong capital support, Plasma can maintain the lowest fees, which is Plasma's biggest trump card.
With strong backing capital, Plasma can reach a better spreading effect. For example, in the recent Plasma leaderboard task, compared to the 100 shares of other tasks, Plasma directly issued 500 amounts. Through this viral spread, Plasma can gain visibility in the crypto market. In the crypto market, visibility is crucial. The most feared thing for a cryptocurrency is being forgotten, and Plasma can create a scale effect through this marketing, continuously making waves. As long as it can survive this market winter, Plasma is bound to develop better.
Summary: Challenges are also opportunities
Plasma currently faces enormous token unlocking pressure in 2026, along with barriers formed by the first-mover advantage of other public chains... These are challenges for Plasma, but they are also opportunities. As long as it can gradually overcome these difficulties, Plasma has a chance to become the infrastructure for the future financial empire of stablecoins.
The powerful backing capital also enables Plasma to achieve better spreading effects. For example, in the recent cooperation with e-commerce platforms, Plasma has increased liquidity and activity in its own system, not only expanding usage scenarios but also bringing liquidity to its ecosystem.