The Plasma network mainnet Beta version just launched and attracted billions of dollars in stablecoin inflows within just a few hours. This layer blockchain project, optimized specifically for stablecoins, drew attention with a token distribution event — with airdrop rewards reaching up to $8,390 per token.

Speaking of the project's native token XPL, the total supply is set at 10 billion tokens. From a technical perspective, its core competitive advantage is quite straightforward: when transferring USDT, transaction fees are directly reduced to zero. This is still a rare feature in the current public chain ecosystem, which explains the significant attention it has garnered.

Plasma itself is positioned as an infrastructure designed for large-scale stablecoin transactions. From the underlying architecture, it is built around this goal — to create an efficient global financial liquidity network, enabling faster transactions at lower costs.

To maintain this zero-fee promise and ensure network stability, Plasma adopts its own consensus mechanism called PlasmaBFT. The purpose of this mechanism is clear: to support high-throughput transaction processing while ensuring fast transaction confirmation speeds. Overall, in the Layer 1 race, this approach is indeed somewhat different.