Everyone is focused on the number game of L2 roll TPS, but I've been watching the $1.1 billion on chain of $XPL that just sits there, and the more I look at it, the more I feel something is off. Retail investors are frantically cutting losses, while institutions are firmly holding onto the SyrupUSDT lending pool. This cognitive dissonance actually stems from the fact that people still don't understand the destructive power of its Paymaster mechanism.
I'm puzzled, Web3 payments have been shouted about for so many years, why do ordinary people still not love using them? The reason is particularly heartbreaking: because the experience is too dumbing. You want to transfer 10U, and the system still requires you to buy Gas first, it's like wanting a bowl of noodles, but the boss insists you first go plant wheat in the field.
After in-depth research, I found that #Plasma is doing something that reduces friction to zero:
▶ Native fuel for stablecoins: if you have U, you can transfer, completely saying goodbye to the awkwardness of needing to buy a pig to buy vinegar.
▶ Physically secure locks: regularly pinning the state on the Bitcoin network, providing a physical insurance for large institutions' money.
I believe that @Plasma doesn't aim to create a second Ethereum, it just wants to be the lubricant for global financial flow. I think this focused, specific scenario rail logic is more explosive than those general chains that want to do everything but excel at nothing.
To be fair, the current decline has indeed dashed many people's hopes. But I always believe in one thing: to see the foundation clearly, so you can hold on during the storm. While everyone is searching for a hundredfold dream in the bubble, I am more optimistic about this invisible foundation that can steadily catch the trillion-level asset migration.
//
Anna | A rational Web3 explorer
This is just my personal experience and understanding, and does not constitute investment advice. DYOR, take responsibility for your own decisions. $XPL
