#plasma $XPL

In the field of blockchain, the strength of Plasma is beyond doubt.

In terms of the project itself, firstly, as a Layer 1 blockchain tailored for global stablecoin payment, it focuses on high-performance instant transfers, low fees, and full EVM compatibility, concentrating on zero-fee transfers of stablecoins like USDT, supporting large-scale dollar-parity payments.

Secondly, it has a wide range of application scenarios. In the payment sector, it enables instant USDT transfers for global cross-border remittances and daily transactions; in the DeFi sector, it can provide liquidity pools and lending services; in digital consumption, it has launched a 4% cashback card to promote healthy ecosystem development.

Thirdly, regarding financing. The project is advised by Tether CEO Paolo Ardoino and PayPal co-founder Peter Thiel, raising $74 million through 7 rounds of financing. The main investment institutions are also very strong, including Coinbase Ventures, Laser Digital, DRW/Cumberland, and Bybit, indicating a promising outlook.

As for the market performance that concerns us, XPL's current price fluctuates around 0.3u. Since the market crash on October 11, it has been accumulating at low prices without a strong rebound trend, presenting an opportunity to build a small position in the current low-price range.

Overall, Plasma's project background, team members, technical applications, financing channels, and market trends all possess strong investment value.