Hot news from the dev update: Plasma announces the sequencer decentralization phase 1, shifting from single node to committee-based. DefiLlama shows a stable TVL of 570 million USD despite the market dip, with a total volume maintaining 1.5 billion USD weekly thanks to confidence from the roadmap. Growth driver: 30% increase in DEX volume post-announce, mainly from Uniswap fork on Plasma.
Economic model $XPL integrates slashing for validators, incentive alignment with 15% emissions for node operators. Cumulative raise 75 million USD, new partnership with Chainlink for decentralized price feeds, tweet @Plasma 6/11: "Sequencer v2 testnet live! Fraud proofs + Chainlink = robust Bitcoin L2. Community validators welcome." This reduces centralization risk from 80% down to 50%, opening the door for 100+ nodes to participate.
Analysis: Transition may cause minor downtime (estimated <1 hour), but long-term boost TPS to 1500. User growth 200k MAU, migration from Lightning Network thanks to better UX. However, economic risk if validator collusion – team mitigates with economic penalties. Compared to Optimism, Plasma focuses on Bitcoin settlement layer, sacrificing some speed for security.
$XPL pump 20% on news, new support at 0.00115 BTC. Accumulate below support pre-upgrade, but risk of sequencer migration failures may temporarily halt withdrawals – monitor closely. Plasma leads L2 maturity curve.
