2026-01-16 14:25:28

What is everyone most accustomed to in the crypto world? That is transferring on Ethereum and watching Gas fees soar, with the network clogged beyond capacity. But have you ever thought about it—how can the stablecoin market worth hundreds of billions of dollars still be crowded on public chains born for speculation?

Recently, I came across information about Plasma ($XPL), which made me realize that the approach to the payment track might need a reshuffle.

First, let's talk about its positioning—this is not another "all-encompassing" public chain. Plasma clearly knows what it wants to do: a Layer 1 tailored for stablecoin settlement. To put it metaphorically, it’s like building a dedicated highway for a money transport convoy, so it no longer has to compete for traffic with NFT transactions and GameFi games. What are the benefits of this focus? Lightning-fast settlement speeds and ridiculously low costs.

Looking at compatibility—many new public chains stumble over "being a self-contained ecosystem," forcing developers to relearn programming languages. Plasma has taken a smart route: full compatibility with EVM (based on Reth). Current DeFi applications, wallet tools, and developer ecosystems can migrate without any cost. How critical is this for rapid cold-starts? Extremely critical.

As for why it’s worth paying attention to now—look at the participation data, currently fewer than 200 participants. This is a classic early-stage window. At this stage, participants are not betting on a coin to multiply in value but are involved in building the infrastructure. When RWA (Real World Assets on-chain) and the payment track truly explode, a chain focused on settlement will have its value capture potential seriously underestimated.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
5
Repost
Share

Comment

0/400

WalletManager

· 01-18 02:53

The window period with fewer than 200 participants is indeed an easily overlooked detail. But you need to see clearly—are you entering now to build infrastructure or to take over the position? Are your private key security and multi-signature deployment all set up? Don't get caught by contract vulnerabilities later.

View OriginalReply0

LiquidationTherapist

· 01-16 14:54

Hmm... a chain dedicated to settlement, this idea is indeed clear-minded, not jumping into the hype with speculators. Early participation of 200 people does seem like an opportunity, but I've heard too many stories like this; how many will actually survive in the end? The part about gas fees soaring is correct, but can Plasma really take away stablecoin traffic? It still depends on whether the ecosystem can be built up. Let's observe for now; no need to FOMO into buying right now.

View OriginalReply0

ApeDegen

· 01-16 14:52

Fewer than 200 early participants, this is indeed a signal --- The gas fee setup has long been annoying, the dedicated chain approach really appeals to me --- EVM compatibility is too crucial, it saves a lot of trouble --- Another new public chain? Is this time really different? --- The settlement track is about to turn around, payment is the ultimate goal --- How big is the underestimated potential? It depends on when RWA truly scales up --- Fewer than 200 participants, it means nothing has even started --- The design idea of EVM compatibility is a win, no need to learn it all over again --- The stablecoin market still has hundreds of billions of dollars squeezed on Ethereum, which is indeed outrageous --- I've heard the term early window period too many times --- The analogy of a dedicated high-speed fleet is good, it solves the real pain point --- Low cost, fast speed, EVM compatibility—this combo is quite interesting --- Wait, the moment when true payment infrastructure rises, only those participating now will be valuable

View OriginalReply0

TopBuyerBottomSeller

· 01-16 14:51

Really, the gas fee thing has been annoying for a long time. Every transfer feels like doing charity. But the Plasma idea does have some interesting aspects; focusing on settlement from this angle seems like something others haven't really done. --- Only about 200 people playing? That feels a bit too early-stage, and the risk might also be quite high. --- EVM compatibility definitely saves trouble, avoiding rewriting code. But I wonder if it can truly support such a large stablecoin volume. --- To put it nicely, it's "focused"; to be less kind, isn't it "not versatile"? If it were me, I'd prefer to wait and see. --- I've heard too many times about "rebuilding the track," but most haven't really made a splash. --- Wait, the idea of customizing for stablecoins—does that mean other applications can't come in? Why are the restrictions so tight? --- I just want to know how big the difference in returns is between jumping in now and waiting for a breakout. --- There are many underestimated things; not all undervaluations can turn around. It depends on who actually takes over.

View OriginalReply0

FromMinerToFarmer

· 01-16 14:50

I've seen through it long ago; Ethereum's little tricks repeat every day. Only now are people thinking about the dedicated chain route... However, whether Plasma is reliable or not is really uncertain; I've seen many projects with 200 people.

View OriginalReply0