Currently, 90% of L2s on the market are just manipulating data.
The tens of billions of TVL (Total Value Locked) that you see are mostly funds deposited by the project team themselves, or a group of opportunists turning the funds over. This kind of data, aside from looking good, provides zero long-term support for the coin price. This is why many 'heavenly doomed' projects collapse as soon as they issue coins—because there are no real users, only speculators.
Why have I recently started to heavily invest in @Plasma ($XPL )?
Because I am betting on a change in logic: the market valuation model will shift from 'capital accumulation' to 'high-frequency interaction'.
Plasma's approach is quite clever. It doesn't compete with those giants on who has more money; it competes on 'who is more user-friendly'.
Gasless (seamless payment) feature is seriously underestimated.
Think about it, if there really is a breakout of Web3 games or payment applications in the future, users will not accept having to pay gas fees for every click.
Whoever can eliminate this barrier will capture that massive traffic.
Current Plasma is like Meituan or Didi back in the day; it is doing the hardest and most labor-intensive 'grassroots' infrastructure (Reth engine + BTC pegging).
Once the application layer runs smoothly, the value generated from these high-frequency, low-value, massive transactions will far exceed those public chains where only a few big players are engaged in staking.
Don't be a slave to data.
Feel the 'tactile sensation' of the product. Those with a smooth tactile sensation are the winners of the future.#Plasma