2026-01-18 16:26:09

2024年围观Plasma热闹，到了2026年，真正的戏码才要上演——它将用"阳谋"的方式改写稳定币的定价规则。

作为从上一个周期就关注、在Plasma早期就埋伏的投资者，我想说三个核心观察：

**First: Changing the Dimension Strategy**

The entire market is comparing L1 TPS data, but Plasma isn't following the trend. Its true ambition is to become a "Layer 2 clearing engine" for USDT, which is a completely different track.

**Second: The "Deflation Kill Switch" in 2026**

The most brilliant part of $XPL's token design: it acts as a "tax" for stablecoin liquidity. As long as USDT maintains its global dominance, every business payment on the Plasma chain—even if the front end is "0 Gas" for users—must consume大量$XPL through the Paymaster backend. By 2026, as more people use it and locking becomes more intense, the circulating XPL in the market will become severely scarce, triggering a sharp deflation. The core contradiction at that time will be: the more prosperous the ecosystem, the more scarce XPL becomes.

**Third: Space for Repricing Valuation**

Using TRON as a benchmark is reasonable, but the Reth architecture underlying Plasma determines a completely different ceiling—which is also the point of differentiation.

XPL-1.05%

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WhaleWatcher

· 5h ago

Wait, I need to think about this deflationary logic... The more it's used, the less there is, right? Then the gas fees will really skyrocket at that point.

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WagmiOrRekt

· 5h ago

I've seen it all along. Plasma's "tax" design is brilliant, keeping the XPL supply tightly controlled. If the ecosystem truly takes off in 2026... this is hidden inflation harvesting.

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GateUser-44a00d6c

· 5h ago

Oh no, this logic is a bit extreme. I need to think more about the backend consumption of XPL design. Not many truly understand it; see you in 2026 for the real show. I respect the move of deflationary kill, but only if the ecosystem can really take off. Talking without action is pointless. Should we enter now or wait and see? The paymaster system feels a bit complicated. Can someone explain it simply? The route of TPS is indeed smarter; the idea of a layer-two clearing engine is well executed. Early investors must have made a lot of money by now. I really don’t understand when this wave was set in motion. I don’t quite understand the Reth architecture; comparing it to Tron is a bit of a stretch.

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SchroedingerGas

· 5h ago

The layer 2 clearing engine logic is indeed excellent, but 2026 is still early. How many things can happen in the meantime? I need to think more about the deflationary spiral—how to ensure that the locked-in amount can truly increase. The Reth architecture benchmarks against the ceiling of Tron; this differentiation is quite interesting. How are the early investors feeling now? It seems like they're betting on the next cycle. The scarcity attribute sounds very appealing, but will the trading pairs be hammered down when that time comes?

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ReverseTrendSister

· 5h ago

Wait a minute, everyone is now hyping Plasma, but the real moment to profit hasn't come yet... 2026 is the key year. I'm convinced by the deflation kill switch logic; as XPL becomes increasingly scarce as a tax role, it does make some sense. The Reth architecture really widens the gap; it's not just a simple L1 copy. The early ambushes are probably laughing happily now haha. The positioning of the layer 2 clearing engine is completely different with a different approach. But 2026 is still far away; it depends on whether any surprises will come along the way. Give me three months to see, I can't make a definitive conclusion yet.

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GweiWatcher

· 5h ago

That's not right, there's a flaw in this logic... The idea of XPL deflationary kill scheme sounds cool, but the real question is who will ensure the USDT ecosystem remains strong in 2026?

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