【In-Depth Analysis】The 'Invisible Unicorn' in the Payment Track: Reassessing Plasma's Moat
While Layer 1s are competing on TPS, @Plasma has hit upon the most painful yet most overlooked track—stablecoin payments' 'last mile'.
Many only see the price fluctuations of $XPL but overlook its core technological barrier: zero Gas fee transfers of USDT achieved through Paymaster. This is crucial for the mass adoption of Web3. Imagine a future where cross-border payments no longer require holding ETH or BNB for Gas; this is the experience that Web2 users truly need.
From a cybersecurity perspective, XPL is not only the cornerstone of the consensus layer but also the 'security tax' for the circulation of billions of dollars in stablecoins in the future. With the full implementation of the Paymaster ecosystem by 2025, the current valuation model may face restructuring.
The market always rewards protocols that solve real problems. In the trillion-dollar payment track, Plasma is building its own standard.