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The Plasma network is a high-performance, EVM-compatible Layer 1 stablecoin platform designed for stablecoins. The core goal is to achieve zero-fee transfers of USD₮, stablecoin priority Gas, and sub-second block confirmations.
XPL, as the native token of the Plasma network, has main uses including:
Gas fee: Pay transaction fees.
Liquidity pool: provides liquidity.
Staking profits: Earn rewards through staking.
Custom Gas token: Pay fees via automatic exchange mechanism using USD₮/BTC, while retaining XPL as the core.
It can be seen that @Plasma is a typical project of 'technology highlights, market has collapsed, and success or failure is polarized', overall leaning towards failure, but there is still some space for technology and ecology to survive.

Yesterday, the rewards for the first half of the XPL event were distributed. Although it wasn't as exaggerated as the posts in the square that claimed '500U per person' or 'easily 600U', the actual gains from normal 'doing homework' were quite good.

To give an example from my participation in the event, I had previously participated in similar activities in the square and was often taken advantage of. This time, XPL offered 500 spots, and the rewards did not overlap, so there would actually be 1000 people sharing the rewards. I participated in the event again.
Because I wasn't prepared to participate at the beginning, I didn't earn any points in the first two days. Later, due to my lack of understanding of the rules, my articles were all low-quality posts, and my transactions were also minimal, so my scores in the first 10 days were very low. Additionally, during the initial phase, there were no rankings announced, and I was unaware of my position.

The speed, stability, and transaction fees of blockchain transfers are the core dimensions for measuring the practical value of public blockchains. These three factors balance each other and continue to be optimized with technological iterations, collectively defining the user's value transfer experience.
In terms of speed, the processing efficiency varies significantly among different blockchains. Bitcoin can only process about 7 transactions per second due to the limitations of the PoW consensus, and transfer confirmations often take tens of minutes; Ethereum’s mainnet generates blocks approximately every 12 seconds, but confirmation delays can reach several hours during congestion. The emerging Solana public chain, with its innovative architecture, requires only 400 milliseconds for block confirmations. Layer 2 solutions further optimize this, with Arbitrum and zkSync networks moving transactions off-chain, achieving TPS in the tens of thousands, and cross-border transfers can be completed in 3 seconds, which is a thousand times more efficient than traditional payment methods. Meanwhile, Plasma has undergone another technical upgrade, adopting

Since ancient times, 'to the victor belong the spoils', 'truth' and 'right or wrong' have been written by the victors, and the cryptocurrency world is no different.

In the first half of last year, Bitcoin soared, reaching a peak of $126199, and the 'bears' had their faces rubbed in the ground as the entire network shouted 'frenzied bull market', with institutions, top traders, and major KOLs all calling for Bitcoin to reach $200,000.
The profits from large long positions made it so that whatever the 'masters' and 'top traders' KOLs said was right, and there was no way to refute it. Even reminders to pay attention to risks would be met with backlash, being called 'shark arms' and 'hindering others from making money'. During that time, shorts became the fuel, and mindlessly going long became the norm.