Token utility remains one of the most contested issues in blockchain economics, and Plasma offers an interesting case study. The $XPL token is designed to function within a broader incentive structure that encourages active network engagement rather than passive speculation. From a governance and utility perspective, @plasma seems to emphasize alignment between users, builders, and validators. This reflects a shift away from extractive token models toward systems where value accrual is linked to contribution. While outcomes will depend on adoption, Plasma’s economic framing suggests an attempt to address structural weaknesses seen in earlier networks
