Adoption narratives are easy. Sustained demand is hard. Plasma’s thesis depends on stablecoin velocity and validator participation scaling faster than token supply expansion. If network activity stalls, emissions pressure takes control of price discovery. $XPL must capture real economic throughput to justify valuation — otherwise it trades like high-beta crypto with structural dilution. Infrastructure bets require patience and data, not excitement. Track usage growth, staking ratios, and liquidity depth before increasing exposure. @Plasma #Plasma