Plasma is a Layer1 EVM-compatible chain, primarily focused on the global stablecoin payment sector, highlighting its high capacity and low-cost features. Here are the fundamental data for the ecosystem token XPL: a total supply of 1 billion tokens, with over 2 billion tokens currently in circulation, and the current price around 0.142 USDT, down more than 90% from its all-time high.

At first glance, this decline is indeed shocking, but looking at the issue from a different perspective might reveal something else. The stablecoin payment market itself is a blue ocean worth hundreds of billions of dollars. Although recent inter-exchange transfer fees have decreased, for users who frequently transfer tokens, the accumulated annual cost remains significant. The advantage of the Plasma network is that it can significantly reduce transfer fees while maintaining good transaction speeds, which is genuinely attractive for payment scenarios.

From this perspective, the current token price seems overly pessimistic. If the project ecosystem continues to improve and application scenarios keep expanding, reaching 1 USDT for XPL is not an impossible goal. Of course, all of this depends on the genuine efforts of the project team to make it happen.