Recently, I found that the Plasma project is indeed quite interesting. As a Layer 1 star in the stablecoin payment track, its mainnet Beta version reached a TVL of $2 billion immediately after launch, which is quite eye-catching among new public chains.

The core selling point is solving payment pain points. Traditional blockchain transfers are either expensive or slow and congested. Plasma directly overcomes these issues with sub-second transaction confirmation and over 1000 TPS. Even more impressive is the zero-fee USDT transfer—thanks to the Paymaster system, you can transfer for free even without XPL tokens. This feature is definitely attractive to ordinary users.

From a technical perspective, the native BTC bridging design enhances security, and the Plasmascan browser makes transaction tracking transparent. The payment scenarios are also quite comprehensive—covering DeFi, blockchain games, and cross-border payments.

Regarding the tokenomics, XPL has a total supply of 10 billion tokens, with staking APY gradually decreasing from 5% to 3%. It adopts the EIP-1559 mechanism to burn fees and hedge against inflation. The current price is $0.1387, with a 24-hour trading volume exceeding $48 million, indicating decent market activity. Support from major exchanges and institutions like Tangem also provides some endorsement.

In terms of application deployment, progress is seen in the MENA region, but this area still requires ongoing observation. Short-term, optimizing the staking mechanism is crucial; long-term, more focus on compliance is necessary. Whether for ordinary users or investors, public chains in the payment track are definitely worth paying attention to, but do your own research before getting involved.