To be honest with you, Plasma looks tempting when reading papers, but when it comes to actually using it? All it has are damn design flaws.

I was fooled by the hype at first, hearing that it’s an Ethereum scaling framework, with fast and cheap side chain transactions, so I threw some money in for short-term trading. Who knew that when I tried to withdraw, I’d be stunned—waiting a full seven days for the so-called "challenge period." Officially, it’s to prevent malicious withdrawals, but in reality? During those seven days, the coin’s price plummeted terribly, and I watched my money depreciate right before my eyes.

What’s more ironic is that they claim to handle transactions quickly daily and have high throughput, but the actual active users are only 40,000, far from the 250,000 monthly active users they promote. Isn’t that just air? Long-term users are few and far between, which indicates a serious problem.

The most heartbreaking part is that whales hold 35% of the tokens, and we retail investors are just being cut like leeks. Now, XPL’s market cap is only ranked over 150, and I’ve been stuck for more than half a year, with no hope of turning things around. I don’t believe any of those projects that boast about being the "saviors of scaling" anymore.