Before adoption exists, access exists. And access rarely depends solely on code. In on-chain financial products, who can use the system, when, and from where is often defined by legal, jurisdictional, and operational layers that are not always visible to the end user.
Plasma moves within that reality. In this type of on-chain financial infrastructure, launches are rarely completely simultaneous, not necessarily due to technical limitations, but because enabling access involves assuming different risks depending on the context. Phases, partial accesses, or gradual deployments are common design patterns in this category of products, not signals of a lack of preparedness.
Reading Plasma through this lens changes the analysis: before measuring adoption or traction, it is advisable to understand how access is being managed. That sequence —first access, then use— better explains the decisions of @Plasma than any immediate expectation around $XPL .
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This publication should not be considered financial advice. Always do your own research and make informed decisions when investing in cryptocurrencies.
