The market crash did not cause Plasma to truly exit the scene; instead, it pushed it into a critical period of ecosystem restructuring. Hard issues such as cross-chain failures and vulnerabilities in the economic model are now evident. For project teams to regain confidence, they must tackle tough challenges in technical repairs, compliance development, and user retention.

Starting with technology is the most urgent task at hand. Plasma’s cross-chain bridge mechanism needs a thorough upgrade—introducing multi-signature verification, conducting in-depth audits of smart contracts, and building real-time monitoring systems to reduce transaction failure rates to industry-leading levels, ensuring more secure fund flows for users. At the same time, the consensus mechanism must be optimized to reduce centralization of validation nodes, attracting more participants to join network maintenance. This will enhance the system’s resistance to attacks and censorship. Interestingly, incorporating AI to dynamically optimize network parameters to balance transaction throughput and resource consumption is also a promising approach worth exploring.

Innovating the economic model is the key to sustainable growth. Currently, the connection between the XPL token and the ecosystem value is too weak, and the “subsidy-supported” situation must be changed. One possible solution is to enable stakers of XPL to receive protocol revenue dividends, granting the token governance rights and allowing the community to vote on subsidy strategies and fee distribution. Alternatively, launching an incentive system around XPL to attract developers to create innovative applications can foster differentiated competition. The token unlocking schedule should also be adjusted to a phased release, which can alleviate the pressure of large holders dumping and give the market some breathing room.