2026-01-17 03:28:39

Recently, I have been analyzing the competitive landscape of the Layer2 track, especially projects that can differentiate themselves in transaction costs. Taking Plasma as an example, they are pushing forward with modular upgrades to ZK-Rollup, planning to launch a testnet next month. The core goal is to improve transaction throughput and cross-chain interoperability — all documented in their latest quarterly technical report.

What truly attracted me is a recent set of data: the mainnet's single-day transaction volume exceeded 500,000 transactions. At first glance, it seems to reflect a market rebound, but upon deeper consideration, the core driving force behind this is actually their fixed-cost Gas model. This approach is particularly friendly to high-frequency trading small DApps, clearly distinguishing itself from public chains that charge based on fluctuating fees. As a result, small project teams are willing to migrate, and user stickiness begins to build.

From a tokenomics perspective, the value capture logic of XPL is shifting. It is no longer simply about usage leading to burn, but about the accumulation of ecological value — as these DApp projects establish a user base, the practical demand for XPL becomes more rigid. This pragmatic ecological construction mindset is more resilient over time than short-term marketing. It’s worth continuing to observe the development trajectory of this project.

XPL0,7%

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MetaverseHomeless

· 2h ago

The fixed gas model is indeed impressive; small dApps will definitely adopt this approach. However, with 500,000 transactions... it depends on the actual activity level and whether there's any fake volume. XPL's capture logic hasn't become obvious enough yet; we'll have to wait until the testnet goes live and runs properly to see. Ecosystem stickiness is easy to hype up, but it's very difficult to achieve in practice. I'm optimistic about their execution capability, but don't overhype it. This project is interesting; keep an eye on it.

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RektButStillHere

· 2h ago

The fixed Gas model is really top-notch, small project teams are rushing to get in. --- Having 500,000 transaction records is impressive, but I don't know how long the activity can be sustained. --- From token burn to ecosystem sedimentation, I really buy into this logic more than those who keep shouting about air coins every day. --- ZK-Rollup's testnet at the end of the month, we're probably going to get cut again, haha. --- Cross-chain interoperability needs to really be implemented; talking about it is much easier than doing it. --- The idea of vertical segmentation of high-frequency DApps is indeed interesting; worth keeping an eye on the upcoming data. --- User stickiness accumulation? I think it's because gas fees are cheap. Once the cheapness is gone, users will leave again. Don't be too optimistic. --- Token economy shifting towards rigid demand sounds very righteous, but how long it can really last is still a question mark.

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BloodInStreets

· 2h ago

500,000 transactions突破？Bro, this is just the prelude to lifting the sedan chair. Once the small project teams finish running, we'll see who cuts their losses. A gas model being friendly ≠ a genuine ecosystem. This fixed cost logic will eventually be challenged and corrected by market education. The value capture logic shift of XPL sounds good, but in reality, it's just a fancy way of self-destructive code conversion.

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LiquidityHunter

· 2h ago

500,000 transactions look impressive, but has the arbitrage space under the fixed Gas model really been exhausted? I'm curious to see how long this liquidity gap can last.

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GasGuzzler

· 2h ago

The fixed gas fee trick is really clever; small project teams must be thrilled. Breaking 500,000 transactions is quite impressive. Isn't it just data inflation? The economic logic shift of the XPL token is quite insightful. Let's wait until the testnet goes live; it's too early to boast now. Ecological value accumulation... sounds good, but I'm worried it might turn into a dead project.

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BearMarketBard

· 2h ago

The fixed gas model makes sense logically, and the reason for migrating small dapps is also reasonable. But is 500,000 transactions really worth bragging about? It’s better to compare with the daily averages of other L2s. XPL’s token economy has shifted from burning to staking. It sounds good, but how to actually realize it is the real question. I’ve heard too many of these promises. With the competition in the track, the zk-rollup testnet launching next month is no longer big news, everyone is competing. However, if the ecosystem stickiness can truly be built up, it might be more valuable than short-term pumps. Let’s keep an eye on it.

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