$XPL continue dip about ~$0.119–0.121 today (31/1/2026): Bear market test, but real metrics are still "strong" – Plasma infra withstands well! On 31/1/2026: $XPL slightly decreased by ~0.5–2% during the day, current price ~$0.119–0.123 (low ~$0.119, high ~$0.127), volume 24h ~$80–110M, MC ~$215–260M, FDV ~$1.2–1.3B. From a short rebound after unlock 25/1, bear altcoin dip continues – but Plasma is different thanks to solid fundamentals. Why is this infra still "strong" despite the red market?
Organic usage sustainable: Zero-fee USDT transfers + sub-second finality continue to drive real payments (P2P, remittance, merchant). Daily fees ~$200–300k real revenue from complex tx, stable DEX volume ~$6–13M/day. Stablecoin supply + DeFi TVL holds ~$3–5B + bridged ~$7B despite incentives cut sharply by 95%+ – capital is here for real utility, not yield chase.
Cross-chain catalyst remains strong: NEAR Intents integration (23/1) opens liquidity pool 125+ assets from 25+ chains → swap large-volume stablecoin seamlessly, cheaply. This is a significant step for cross-border settlements, helping Plasma compete with Tron but decentralized + better UX (custom gas using USDT close to Web2). Pendle/Aave v3 live → organic yield farming increases.
Long-term tokenomics prep: Small monthly unlock (~88.89M Feb) causes short pressure, but big unlock July 2026 (2.5B XPL US public sale after 12-month lockup) is a major event. Staking delegation Q1/Q2 2026 launch will increase lock-up (holder delegate earn reward), gradually offset dilution. EIP-1559 burns base fees when usage scales → deflationary if volume grows. Circulating ~18–22% total 10B.
Risks: Long bear, July 2026 unlock large dilution if adoption hasn’t scaled. But this dip tests holders – real metrics hold firm proving Plasma is a sustainable infra, not hype fade. Bear shakeout filters weak hands, winners hold/stake long term.
#plasma $XPL