I see @Plasma (XPL) is being developed with a very slim but very focused thesis: settlement of stablecoins at scale.
The network is optimized with predictable fees as well as high throughput transfer and liquidity concentration of USDT-style flows, rather than a general DeFi activity.
The recent volatility represents the supply mechanics and market positioning rather than the protocol instability.
Plasma keeps on the down-low improving execution layers and settlement efficiency, quiet work that is required should stablecoins ever be adopted as a real financial infrastructure.
