Plasma is a Layer 1 building a dedicated blockchain for stablecoins transactions and utilization: It is currently home for nearly 6B$ of stables, making it a top 5 chain in this regard. I believe they can reach 15B$ stables on-chain by end of year. It is also the 7th blockchain by DeFi TVL, surrounded by projects trading roughly 5-10x higher. Plasma One is a neo-bank built to control distribution and make sure there is a killer product on their chain, allowing them to reach million of users quickly and efficiently. You could view it as if HyperEVM was launched first before Hyperliquid, as I have seen countless people mistaking Plasma solely for a neo-bank. It is currently catching up to TRON very quickly on CEX-CEX stablecoins transfers. I do believe $XPL under 0.5$ is a complete anomaly. This anomaly is solely due to misscomms and lack of general understanding surrounding Plasma. It has suffered massively from smear campaigns across liquid funds, retail, and the broader community due to a very terrible price action post TGE answered by silence who let people imagine the worst and made Plasma a toxic asset to hold. However, I believe it will change shortly, fundamentals are better than at TGE, while the price is 75% lower. I do think that at this level, unless we enter a generational bear market, it has one of the best R/R to acquire a spot bag (if you leverage this token, you are already dead). I will come back to this tweet by end of year!