I have recently looked into a lot of information about Plasma, and the more I learn, the more I believe this project is seriously undervalued by the market.

Let me explain why. Since its mainnet launch in September last year, this project has been operating quietly. Its positioning is straightforward—an EVM-compatible Layer-1 blockchain built specifically for stablecoins, promising zero-fee USDT transfers, and supporting native Bitcoin bridging.

What impresses me the most is the lineup of backers behind it. In the total funding of $75.8 million, top-tier institutions like Founders Fund, Bitfinex, and Framework Ventures participated, which is quite rare in the current market environment. Even more astonishing is the public sale in July last year, where the initial $50 million quota was quickly surpassed, ultimately reaching $373 million in subscriptions—seven times oversubscribed, indicating a genuine market demand for this direction.

The data is even more convincing. The stablecoin TVL has already surged to $2.138 billion. As of January 15, it ranks second globally in the lending market, and this growth rate is indeed aggressive. The ecosystem is also accelerating, with mainstream protocols like CoWSwap, Aave, and Maple Finance being integrated one after another. Recently, partnerships have been established with exchanges such as Robinhood and Bit2Me.

Currently, the price of $XPL is $0.145. Compared to the historical high of $1.68 on September 1, it has fallen 91%. But from another perspective, isn’t this an opportunity for accumulation? The project continues to deliver, the ecosystem is expanding, and the stablecoin infrastructure track itself is a blue ocean.

Just my personal opinion.