Plasma launched with $1.3B in the first hour, hit $6.6B within 48 hours. Now XPL sits at $0.1049, down 86% from launch.
That gap between early institutional excitement and current reality tells the whole story.
Plasma had the capital, the infrastructure, the partnerships. What it never got was real payment adoption. The deposits came, the users didn't.
Five months later we're still waiting for proof anyone needs this.