Recently passed by the construction site at my doorstep, which has been surrounded for several months, and the ground is still bare with nothing on it. At one point, I thought the developer might have run away. Until a couple of days ago, when I chatted with some workers inside, I learned that they have already dug three to four layers underground and are currently laying the most troublesome drainage, electricity, and pipeline systems. The big guy patted the dust off his hands and said, “If the foundation isn't solid, no matter how high you build, it will collapse.”
I couldn't help but laugh when I heard that—doesn't that perfectly describe @plasma right now?
Plasma's official Twitter has been unusually quiet lately, not posting daily roadmaps or energizing the community. Many people are staring at the price of $XPL with no significant movement, starting to criticize the project team for slacking off, thinking it's going to fail. I almost thought the same way before, but later I kept checking YuzuMoney's data and realized it's not like that at all.
The TVL has surged close to 70M USD, and most of this money comes from real merchants in Southeast Asia. It's not hot money from speculating on coins, but from businesses that sell coconuts, run small shops, and do cash transactions. They are gradually shifting their daily cash flow to digital dollars, using Plasma's zero-fee USDT transfers, instant settlements, and payment tools and yield products for merchants. A true cash → digital dollar channel is being opened up little by little.
Plasma, designed specifically for stablecoins as a Layer 1, is EVM compatible, has high throughput, supports customizable gas tokens, and also facilitates privacy transactions. These are not just flashy surface features but solid foundations for global payments, cross-border remittances, especially in emerging markets. In regions like Southeast Asia, where cash economies are still strong, YuzuMoney is teaching merchants how to save on fees, how to keep money in digital dollars to earn yields, rather than teaching them how to speculate on coins.
This is a typical misalignment between To B path dependence vs To C attention economy. Retail investors like to see how fast buildings are going up (how fiercely the coin price is rising), while the project team is laying pipelines underground (whether settlements are smooth, whether merchants are satisfied). This cognitive gap has led to $XPL being severely undervalued, hovering around 0.08, with everyone thinking, "No sound means dead.
