Against the backdrop of the global liquidity pattern adjustment, traditional financial asset returns continue to shrink. Recent data from Morgan Stanley shows that the US dollar fixed deposit interest rate has fallen back from high levels to 2.8%-3.25%, with many banks even halting sales of one-year products, putting a large amount of capital under negative yield pressure. Meanwhile, the blockchain sector is brewing new growth opportunities.

Plasma, as an EVM-compatible public chain, completed its mainnet beta launch in September 2025. Its core innovation lies in the Paymaster system—a cost subsidy mechanism. When users transfer tokens such as USDT on the Plasma network, they do not need to hold native Gas tokens; the network directly covers the transaction fees. The significance of this design is to eliminate the initial cost barrier for Web3 users.

From a user experience perspective, this model significantly lowers the market entry threshold. Hundreds of millions of potential users no longer need to purchase volatile native tokens in advance to participate in on-chain activities. As the traffic scale expands, demand for application layers such as DeFi applications, DEX trading, and lending protocols within the ecosystem will also grow accordingly.

XPL is the native token of Plasma, playing an essential role in high-yield trading scenarios. When users perform more complex financial operations within the ecosystem, XPL becomes an unavoidable participation credential. This design reinforces the rigidity of token demand.

It is worth noting that Plasma’s economic model is designed around token burning and liquidity incentives, which together influence the supply and demand dynamics of XPL.