plasmaproject

Giám đốc điều hành của một công ty chuyển tiền lớn ở Đông Nam Á, xử lý hơn 800 triệu đô la trong các giao dịch hàng năm, đã ngồi đối diện tôi vào thứ Ba tuần trước. Tôi cảm thấy đau bụng khi cô ấy hiển thị cấu trúc chi phí của họ trên một bảng tính. chi phí cho các giao dịch. Các mạng Blockchain chi tiêu hơn 32 triệu đô la mỗi năm chỉ để chuyển stablecoin cho các khách hàng của họ. Các giao dịch từ Manila đến Dubai là nhỏ. Các khoản thanh toán từ Singapore đến Jakarta. Cơ sở hạ tầng không được thiết kế cho mục đích này đang khiến mỗi người mất từ 3 đến 8 phần trăm. Sau đó, cô ấy đã tiết lộ điều gì đó cho tôi mà đã thay đổi quan điểm của tôi về thị trường stablecoin nói chung. Trong Q1 2026, mọi thứ sẽ được chuyển sang Plasma. mỗi giao dịch. Việc xây dựng lại toàn bộ công nghệ của họ là hợp lý chỉ bởi vì những khoản tiết kiệm. Tại sao XPL có thể là một trong những dự án cơ sở hạ tầng bị đánh giá thấp nhất trong lĩnh vực tiền điện tử ngay bây giờ đã được làm rõ bởi cuộc thảo luận này.

Phần lớn các nhà đầu tư bỏ qua một trở ngại đáng kể mà lĩnh vực blockchain đang phải đối mặt. Hàng tỷ đô la vẫn bị kẹt trong các mạng lưới khép kín, không thể di chuyển tự do giữa các hệ sinh thái hàng ngày. Ước tính 15% tổn thất hiệu quả hàng năm của nền kinh tế tiền mã hóa là kết quả của sự phân mảnh này. Bất kỳ ai xây dựng một danh mục đầu tư tiền mã hóa đa dạng nên xem xét Plasma, với đồng tiền gốc XPL của nó, một cách cẩn thận vì cách tiếp cận mới lạ của nó đối với hạ tầng cầu nối và khả năng tương thích EVM.

Tôi tin rằng tôi đã hiểu kinh tế token sau nhiều năm nghiên cứu các giao thức DeFi. Tôi sau đó nhận ra rằng tôi đã nghĩ quá nhỏ sau khi nhìn vào thiết kế của XPL. Cuộc bỏ phiếu này vượt ra ngoài một cuộc bỏ phiếu quản trị hoặc bỏ phiếu token gas khác. Nó phục vụ như một khung tài chính cho một hệ thống tài chính hoàn toàn mới.

Đầu tiên, hãy để tôi giải thích cách mà XPL khác biệt so với tất cả các token Layer 1 khác mà tôi đã xem xét. Các token gốc thường được coi là điều thứ yếu trên hầu hết các blockchain. Người dùng miễn cưỡng giữ chúng để thanh toán phí. XPL được tạo ra bởi Plasma như một động cơ kinh tế thúc đẩy các tính năng đột phá và tạo ra giá trị cho những người nắm giữ.

@Plasma $XPL #Plasma

I've spent a lot of time in this area. I have witnessed several initiatives begin with audacious claims to be the next Bitcoin or the ultimate killer of Ethereum. The pitches are familiar to all of us. quicker transactions. reduced costs. improved technologies. However, a major obstacle still stands in the way of the typical user attempting to utilize cryptocurrencies for their most basic function, which is money transfers, even after all these years. Consider explaining to a buddy that in order to transfer them $20, they must first pay a network charge with a different, volatile token and then hope the transaction goes through. It is a cumbersome, perplexing experience that has prevented widespread adoption for many years.

This is the issue that has been bothering the industry's core. Even though we have amazing decentralized apps and financial tools, the straightforward act of transferring cash is sometimes far from straightforward, particularly when it comes to stablecoins, which are supposed to function as digital dollars. I thus pause and pay great attention when a project emerges that aims to radically rethink the user experience from the ground up rather than only making little improvements to the outdated paradigm. I want to discuss a project called Plasma today that accomplished just that. This blockchain is more than simply another layer one one. This is a focused solution, a specific tool designed for stablecoins, one of the biggest use cases in all of cryptocurrency.

My first interest in Plasma was sparked by its unquestionable pre-launch momentum rather than its technology. Projects sometimes generate excitement, but this one was unique. Major players had committed more than two billion dollars in USD₮ liquidity to Plasma before the mainnet was even operational. Take a moment to process that. Two billion dollars were promised for a network that was not even open to the general public. That amount then quadrupled to more than four billion dollars in the first twenty-four hours after becoming online. This instantly positioned Plasma as the ecosystem's fourth-largest blockchain in terms of USD₰ liquidity. This is not the type of incident that occurs accidentally. It is an indication, a strong vote of confidence from some of the most significant players in the market, including the USD₶ issuer itself. You have to wonder why such a large amount of capital is moving with such certainty.

Plasma's primary goal holds the solution. It seeks to become the most impartial, high-throughput stablecoin settlement layer possible. It concentrates on eliminating the particular annoyances related to stablecoin transactions rather than attempting to please everyone. After identifying the most prevalent frictions—fees, unsuccessful transactions, latency, and user experience—the team methodically developed solutions for each. The end product is a platform with a feature set so user-friendly that you'll wonder why it wasn't created sooner. The idea of fee-free USD€ transfers is the most innovative of them. The network wants to make transferring the most widely used stablecoin in the world entirely free for a limited number of use cases and partners. For payments, remittances, and regular business, this is revolutionary, especially in areas with high adoption rates where every cent counts.

Furthermore, Plasma presents what it refers to as a stablecoin first gas model. This addresses the user experience issue I brought up before. To pay transaction fees on the majority of networks, you need to own the native token, such as XPL for Plasma. Users can pay these fees directly in USD₰ or even Bitcoin using Plasma. The user is never concerned about the automatic swap process that transforms these assets into XPL in order to pay the network. This is a significant advancement in onboarding. This implies that a user who has a Binance account may withdraw USD₶ to their Plasma wallet and begin trading right away without ever having to purchase XPL. Like using a conventional payment app, it makes the entire transaction feel smooth.

Naturally, without a strong and effective basis, these user-friendly elements would be useless. Plasma's architecture really comes into its own here. Reth is used for its execution layer, guaranteeing complete compatibility with the EVM. This choice is crucial. This implies that any Ethereum-based smart contract or application may be implemented on Plasma without requiring any modifications to the code. The barrier to entry is significantly reduced because developers may utilize the same tools and programming languages they are currently familiar with. The effects are already being felt. Currently operating on Plasma, Aave, one of the biggest and most reputable DeFi protocols, is growing into its second-largest chain in terms of activity. This is the power of EVM compatibility in action; it makes it possible for established applications and liquidity to migrate quickly.

The network uses PlasmaBFT, a Fast HotStuff-inspired technique, for consensus. High throughput and near immediate finality are the two goals of this leader-based Byzantine Fault Tolerance system, to avoid getting too technical. Sub-second block finality is what Plasma aims for. This implies that a transaction is verified and concluded in less than a second rather than just being broadcast to the network. This degree of speed and accuracy is not just desirable, but absolutely necessary for institutional finance and time-sensitive payments. Plasma is positioned to manage settlement on a global scale thanks to its performance profile, which enables it to realistically target thousands of transactions per second.

The last component of this potent jigsaw is security. Although PlasmaBFT offers transaction security right now, the project is going one step further to guarantee neutrality and resistance to censorship in the long run. Plans for state checkpointing to the Bitcoin network are part of the roadmap. Plasma utilizes the renowned security of Bitcoin by regularly anchoring a cryptographic proof of its ledger state to the most secure and decentralized blockchain available. By doing this, a trust-minimized bridge is created, giving the system a significant degree of resilience and shielding it from possible censorship efforts or network outages. It is a clever and practical strategy that combines the unparalleled security of the original coin with a contemporary, high-performance consensus engine.

Let's now discuss XPL, the token that drives this ecosystem. The XPL token performs a number of essential tasks. In its most basic form, it is the network's native gas token. XPL continues to be the primary unit of account for network operations notwithstanding the special gas functionality. As a key asset for liquidity pools, collateral for loans, and a motivator for users to engage with the ecosystem, it will also be crucial for DeFi connections. In the future, XPL will be utilized for staking as the network gradually becomes more decentralized. By directly engaging in the consensus process, users and validators will be able to stake XPL to contribute to network security and get incentives in exchange.

It is essential to comprehend tokenomics while assessing any startup. 10,000,000,000 is the genesis total supply of XPL. Around 1,800,000,000 XPL were in circulation at the time of its first listing, or around 18% of the whole genesis supply. It is crucial to remember that there is no ceiling on the maximum supply, which permits future monetary policy flexibility and is probably going to control network incentives and staking rewards in the long run. It's also important to note for our community that 75,000,000 XPL, or 0.75 percent of the genesis supply, was set aside for programs like the Binance HODLer Airdrop, which rewards long-term members of the larger cryptocurrency community.

Examining the original distribution in further detail demonstrates a deliberate strategy. The "real float" that was accessible for public trade was more like 10.25 percent of the 18 percent of tokens that were in circulation on the first day. The allotment from the public sale plus a tiny airdrop made up the majority of this section. Institutional and project-controlled activities, including offering DeFi incentives, establishing alliances with payment providers, and guaranteeing market liquidity, were allocated the remaining 7.75 percent. By injecting liquidity where it is most required and avoiding excessive initial volatility, this managed release aims to promote a stable and healthy environment from the start. The support for the idea is similarly tremendous. Key players from the stablecoin sector and industry titans like Framework led a $24 million seed and Series A financing. A Founders Fund strategic investment and a $50 million public sale at a $500 million valuation—which was completed in just four minutes—came next. This degree of financial support from elite investors offers a substantial development and ecosystem expansion runway.

There is a clear path ahead. The team's strategy, which focuses on a staggered deployment of its major features, is both ambitious and realistic. Stabilizing mainnet operations and extending on and off ramps through integrations—like allowing USD₰ withdrawals on Plasma straight from Binance and other platforms—are the top priority for late 2025. Along with the first stage of Bitcoin checkpointing, the first iterations of the bespoke gas token system and zero price USD€ transactions are anticipated to launch on the mainnet in the first quarter of 2026. Expanding these capabilities, further decentralizing the validator set, and strengthening connections with payment providers in strategic areas in Southeast Asia, Latin America, and Africa will become the main priorities as 2026 progresses.

Without taking the whole picture into account, no analysis is comprehensive. The initiative is still in its infancy, and it will be crucial to carry out its ambitious plan successfully. Though groundbreaking, the zero cost and bespoke gas features must be closely watched for possible misuse vectors and dependability as they are expanded to a larger audience. To preserve network security and performance, the shift to a more decentralized validator set is a difficult procedure that has to be managed carefully. Nonetheless, trust is bolstered by the team's open and honest attitude as well as the well-defined, systematic processes outlined in their roadmap. The close cooperation with the USD₮ issuer and the agreements already formed with Aave, Curve, and Uniswap for DeFi integrations show a robust commercial growth plan operating concurrently with the technological progress.

To sum up, Plasma is not your typical blockchain. It is a targeted, painstakingly designed platform created to address one of the most enduring issues facing our sector. It has the ability to completely alter the way we think about and utilize digital dollars by establishing a stablecoin native ecosystem with features like frictionless gas and zero cost transfers. The pre-launch liquidity pledges and overwhelmingly positive financial backing demonstrate that the smart money already recognizes this potential. A diverse ecosystem of apps may thrive on the EVM's rails thanks to its complete interoperability. This project has a clear understanding of its goal. It is constructing an expressway for stablecoin settlement, not attempting to boil the seas. Plasma is unquestionably one of the most significant projects to follow at the moment for anybody interested in the future of payments, decentralized finance, and the route to widespread cryptocurrency adoption.

Disclaimer: This material is not intended to be financial advice; rather, it is meant to be informative only. The market for cryptocurrencies is quite erratic. Before making any investing decisions, please do your own research and speak with an expert.

Trong lịch sử của blockchain, stablecoin luôn được coi là sự tồn tại gần gũi nhất với hệ thống tài chính thực. Chúng không phụ thuộc vào sự đầu cơ, cũng không theo đuổi sự tăng trưởng bùng nổ. Thay vào đó, chúng âm thầm mang theo các chức năng cốt lõi của việc thanh toán và lưu trữ cho toàn bộ thế giới crypto. Từ DeFi đến GameFi, từ các sàn giao dịch đến thanh toán xuyên biên giới, gần như mọi liên kết đều không thể tách rời khỏi stablecoin. Tuy nhiên, trong suốt thập kỷ qua, mặc dù stablecoin đã đạt được sự tăng trưởng mạnh mẽ về giá trị thị trường, chúng chưa bao giờ có một chuỗi thực sự thuộc về chúng. Chúng đã sống như những vị khách trong các hệ sinh thái khác, dựa vào những hệ thống không được xây dựng cho mục đích của chúng. Điều đó đã xảy ra cho đến khi Plasma ra đời, một blockchain được xây dựng như chuỗi công cộng đầu tiên dành cho thanh toán — được thiết kế đặc biệt để trở thành ngôi nhà cho stablecoin.