Plasma ($XPL): Is it the 'dedicated highway' for stablecoin payments or just another high-opening low-closing narrative stock?
Plasma<sub>-15/</sub> is one of the most significant L1 projects in the cryptocurrency world for the second half of 2025, focusing on 'stablecoin infrastructure' and positioning itself as a high-performance Layer 1 blockchain specifically designed for global stablecoin payments. The core selling points are zero-fee USDT transfers (gasless for USD₮), custom gas tokens, complete EVM compatibility, and PlasmaBFT consensus (sub-second finality, thousands of TPS). The goal is to become the 'native track' for digital dollars, allowing money to flow instantly and frictionlessly like the internet. The project is backed by resources from big names like Tether, Bitfinex, and Peter Thiel, launching with over $2 billion in stablecoin liquidity, and its TVL once surged to the $8 billion level. It collaborates with over 100 DeFi protocols, including Aave, Ethena, and Euler, and has also launched Plasma One, a native digital bank for stablecoins, signaling significant ambition.
Vanar ($VANRY): the kind of project that keeps you up late writing code
vanry@Vanarchain current market (February 2026): price $0.0061-$0.0065, market cap $13.5-$15 million, 24h trading volume $2.2-$2.9 million, circulation 2.23 billion/total supply 2.4 billion. Down 96%+ from ATH, a bear market staple, K-line looks like an ECG lying flat, but at least it hasn't died. The core selling point is not 'AI + Web3', but two things done more aggressively than others: 1. Neutron: on-chain semantic memory layer, compressing data into 'Seeds' permanently stored on-chain, allowing AI agents to have real long-term memory. Not the kind of Alzheimer’s where every conversation restarts. 2. Kayon: a full on-chain reasoning engine, natural language querying of on-chain data, making decisions, running compliance checks, fully auditable, no need to secretly call external APIs.
Salaries are being paid, the calendar cat rewards can be claimed, this time it's not much, the current price is 0.4, it's mediocre, about the price of a small airdrop. The event for Vanry@Vanarchain has 9 days left until the deadline, and friends who have not entered the top 100 still have a great opportunity, although it's already worthless, because the scores of the front row are too exaggerated, let's just send it out casually. #vanar $VANRY
The mixed bag will be available at 6 o'clock, 242, it seems to just be a combination of several old coins of equal value, nothing new. I think it would be more interesting if the number of tokens each person receives in the blind box varies, creating a betting culture. There is just over one day left until the creator activity for xpl@Plasma ends, cherish the last opportunity to gain points. If you haven't made it into the top five hundred, there's still a chance to start working hard; the first round of rewards was already sent out yesterday, I sold 200u$XPL #plasma .
Recorded the scores of the top 100 in the vanry@Vanarchain rankings for the past few days, ranging from 220-246.13-274.46-303.36-331.73-357.18-392.7-419.69-452.32. The daily growth rate is around 30, and the base score for most people is 15 points. It is divided into 10 points for posting and 5 points for 1000u contract trading, which means that daily articles can add up to 15 points. I hope the above data can be helpful to you.
Vanar@Vanarchain . To be honest, it feels like we are currently in a phase of "transitioning from the AI hype to practical execution capabilities," but if you look closely, you'll see that it's actually working quietly on significant matters. $VANRY 's current price is approximately $0.0061-$0.0065 (fluctuating slightly by 2-4% in the last 24 hours, with occasional buying pressure but selling pressure has not completely dissipated), and the market capitalization is around $13.5 million to $15 million (CoinMarketCap shows about $14.3 million, slightly higher on some platforms), with a 24-hour trading volume of $2.1 million to $2.9 million (medium liquidity, the K-line is quite stable), and the circulating supply is about 2.23 billion (total supply cap of 2.4 billion, relatively clean distribution, with a large proportion of community and ecological incentives, and no obvious pre-mining by a large team).
Plasma@Plasma . To be honest, it is currently in a phase of "hype cooling down and focusing on real strength." But if you look closely, you will find that it is actually quietly making significant progress. The current price of $XPL is around 0.082-0.084 USD (with slight fluctuations of 1-3% in the last 24 hours; some platforms show around 0.083, with occasional small rebounds but overall low-level volatility), and the market capitalization is about 145-180 million USD (CoinMarketCap shows around 149-150M, while CoinGecko/Coingecko shows over 170M, which have discrepancies). The 24-hour trading volume is 50-60 million USD (liquidity is decent, but has clearly dropped from peak levels), and the circulating supply is approximately 180-220 million (with a total supply cap of 10 billion, FDV at 800-830M+, and a significant unlock of over 2.5B XPL on July 28, 2026, including US participants and ecosystem parts, which is quite a pressure).
It's time to eat again, thanks xpl@Plasma the New Year is coming soon, xpl actually sent out the first round of rewards, even though the coin price has dropped to nothing, there is still 200u, worth 1400 yuan, thank you very much 🙏, after all, sending money to the top five hundred is a project party with a big vision, hope to see more project parties like this #plasma $XPL
Vanar@Vanarchain . To be honest, it is currently in a stage of "narrative retreat to see true skills," but if you look closely, you'll find that it is actually working quietly on significant matters. The current price of $VANRY is approximately 0.0061-0.0064 USD (slightly fluctuating in the last 24 hours, with a volatility of 2-5%, occasionally experiencing small pulses but no sustained volume), with a market cap of about 13.5-14.8 million USD (CoinMarketCap shows around 14.2M, slightly higher on some platforms), and a 24-hour trading volume of 2.2-3 million USD (medium liquidity, with buy and sell pressures basically balanced), and a circulating supply of about 2.23 billion (total supply cap of 2.4 billion, token distribution is clean, no significant pre-mining by the team, with a high proportion of community and ecological incentives).
Plasma<mark-18/>. To be honest, it feels a bit like "highlights returning to reality, but the execution is still ongoing." However, if you look closely, you'll feel that it's actually quietly doing great things. The current price of $XPL is around 0.082-0.084 USD (with fluctuations of 1-3% in the last 24 hours, occasionally showing slight rebounds but overall under pressure, some platforms show around 0.083), market cap is about 148-180 million USD (CoinMarketCap shows around 148M, CoinGecko/Coingecko shows fluctuations over 170M), 24-hour trading volume is 50-70 million USD (liquidity is decent, but clearly declined from peak), circulating supply is about 180-220 million (total supply cap is 1 billion, FDV is over 800M, large unlocks are expected in 2026, such as on February 25th 88.89M XPL ecosystem part, and July 28th with over 2.5B unlock risk being prominent).
Tomorrow's new issue indeed has 3 BNB, 53850000 coins, raising funds at a price of 0.07. BNB is quite cheap right now, but I won't buy it; I'll still borrow coins to participate, which is relatively safe and can withstand minor fluctuations. If you want to borrow coins from an exchange, you need to do it early. Last time at the two exchanges starting with 'b', when I wanted to borrow around five o'clock, they were already out of stock. Time waits for no one, just like the creator task of vanry@Vanarchain , which unknowingly has only 11 days left. If you haven't started yet, entering the top hundred seems to be quite challenging, so it's not recommended to pursue #vanar $VANRY .
The latest pre TGE is here, starting tomorrow evening from 8 to 10 PM. BNB has now dropped to 600, and I don't know how many we need to hit this time. Given the current market situation, there are still projects willing to come to TGE and distribute tokens. I admire your courage and hope for a good rally. I estimate that to fully meet the rules this time, we need 5 or more BNB. The event for Xpl@Plasma will end at 5 PM on the 12th. Although the token has already been halved, it is still quite valuable, after all, it is only distributed to 500 people. However, only those with high scores will get more, so we still need to work hard on writing articles to strive for a hit. Traffic is money #plasma $XPL
Dusk<ml-25/>This project, to be honest, currently feels a bit like 'bouncing back from the trough to execution validation', but if you look closely, you'll find that it's actually making significant progress quietly. $DUSK 's current price is around $0.117-0.125 (having surged over 29% in the last 24 hours, it once hit a high of $0.14, with trading volume exploding to over $87 million, indicating clear capital rotation), with a market cap of approximately $58-62 million (slight differences across platforms, CoinMarketCap shows around $58M), and a 24-hour trading volume of $80-93 million (liquidity suddenly expanded, Vol/Mkt Cap over 150%), circulating supply is about 497 million (total supply cap of 1 billion, initial 500 million + 36 years of staking gradually releasing 500M), tokenomics are healthy, with no extreme pre-mining, and staking incentives are oriented towards the long term.
Today is the last day of the dusk creator event. Thank you dusk@Dusk for a month of companionship. The event ends at 5 PM Beijing time on the 9th, with a total of 635742 reward tokens to be distributed to the top one hundred users on the leaderboard, averaging 6357.42 tokens each. Based on the current price of 0.118, this amounts to an average of 750 U. Additionally, there are 458882 tokens allocated to users outside the leaderboard who complete tasks, approximately two thousand people, averaging 229.441 tokens each, worth 27 U. This analysis is limited to the Chinese region. #Dusk $DUSK
Vanar@Vanarchain . To be honest, it feels a bit like 'falling from the narrative high point back to the execution test' right now, but if you look closely, you'll realize it's actually quietly doing big things. The current price of $VANRY is around 0.0060-0.0063 USD (recent fluctuations in the last 24 hours have been between 2-4%, with occasional slight recoveries but overall low-level oscillations), with a market capitalization of about 13-14.5 million USD (there are slight differences across platforms, CoinMarketCap shows around 14.4M), and a 24-hour trading volume of 2.1-2.8 million USD (liquidity is average, with both selling pressure and buying interest not fierce), and a circulating supply of about 2.2-2.3 billion (total supply cap is 2.4 billion, distribution is relatively clean, with no extreme pre-mining).
Plasma<sub>-22/</sub>, to be honest, I feel a bit like I've 'fallen back to reality' now, but if you look closely, you'll find that it's actually quietly making significant progress. The current price of $XPL is around $0.083-$0.085 (with fluctuations of 3-5% in the last 24 hours, occasionally warming up but overall under pressure), with a market cap of about $150-180 million (data varies slightly across different platforms, CoinMarketCap shows around $152M), and a 24-hour trading volume of $60-70 million (high liquidity but also indicates considerable selling pressure), with a circulation of about 180-220 million (total supply cap of 1 billion, early unlocking + inflation mechanism leading to a high FDV above $800M), the token distribution is relatively clear, with no extreme pre-mining, but there is a significant unlocking risk for the team/investors in July 2026.
Dusk@Dusk This project indeed has a bit of the flavor of 'making money quietly', but compared to those purely speculative RWA/privacy projects before, it feels more like it's really doing work rather than just shouting slogans. The current price of $DUSK fluctuates between $0.09 and $0.10 (it surged over 20% in the last 24 hours at one point, but overall it is still oscillating), with a market cap of about $48 million to $52 million, and a 24-hour trading volume reaching $15 million to $35 million (with significant spikes during large fluctuations), a circulation of about 500 million (with a total supply cap of 1 billion, the remainder released through long-term staking), the tokenomics is relatively healthy, with no major pre-mining, and distribution mainly to institutions and the community. It has dropped over 90% from its ATH, which is common in bear markets, but after the mainnet launch on January 7, 2026, there was a noticeable price recovery, and now it is testing support again.