When Layer 2 narratives have long been occupied by Rollups, many believe that @Plasma has long exited the historical stage. But the reality is quite the opposite — in the current situation where on-chain cost fluctuations and DA pressure continue to escalate, Plasma has returned to the center of scalability in a more pragmatic way. This is not a technological nostalgia, but rather a structural return addressing real pain points. XPL is precisely the value carrier explicitly anchored in this system. Born for high-frequency scenarios: a rebalancing of performance and cost. The new generation of Plasma has not repeated the old problems of early versions but has significantly reduced on-chain burdens while ensuring security through state compression + validity proofs. Its core logic is very simple: computing is done off-chain as much as possible; settlement and security anchor to the mainnet; and on-chain resources are reserved for necessary actions. This makes many scenarios that were previously discouraged by L1/Rollup costs feasible again, such as high-frequency trading, stablecoin payments, and frequent asset transfers in blockchain games. The operation of these real use cases will naturally point to a single medium — XPL. The positioning of XPL: not a narrative token, but the system's core. In the Plasma ecosystem, XPL is not an accessory but a core variable that directly participates in the operation of the system: 🔒 Nodes must stake XPL to ensure network stability. 💸 Transaction fees can be deducted using XPL, directly reducing usage costs. 🧭 In terms of governance, holders can participate in decision-making regarding ecological development directions. More critically, the rhythm of token release is highly bound to the rhythm of implementation: part of the unlocked tokens is used to support partners and application access, while the remaining portion is released over three years to avoid short-term selling pressure, while deeply coupling the value of XPL with ecological expansion. This is not about launching a token and then finding use cases, but rather use cases drive → demand is naturally generated. Security and decentralization have not given way to performance. The design of Plasma has not sacrificed underlying security assumptions for speed. It still anchors the Ethereum mainnet as the ultimate security layer and retains a clear exit mechanism to ensure that user assets can return to the main chain in extreme situations. This is also the premise for its use in stablecoin payments and settlement scenarios — high frequency ≠ high risk. Rollups solve how to be stronger. #Plasma solves how to be more user-friendly. And $XPL is not a bet on the sentiment of the future, but a structural bet on the scale of ecological implementation. In the scalability race, this positioning is, in fact, scarce.