Currently, various copycat projects are emerging one after another in the market, but I always adhere to one principle—rather than chasing concept coins that double in a few days, it's better to focus on projects with real application scenarios and sufficient barriers to entry. Plasma ($XPL) is one of the directions I have been paying continuous attention to and quietly accumulating.

What is the purpose of long-term investment charts? Ultimately, it comes down to one word: certainty. This certainty comes from technological breakthroughs as well as the depth and vision of the core team. Many investors only focus on candlestick charts, but I prefer to reverse engineer the project's ceiling from the underlying logic.

Let's start with technology. The custom Gas token mechanism proposed by XPL hits the core pain point of large-scale Web3 adoption. What's the most annoying thing when operating on-chain? Nine times out of ten, it's this—having USDT or Bitcoin in your wallet but lacking that tiny bit of native tokens to pay transaction fees. Every time, you have to go to an exchange to buy some, and after cross-chain transfers, the transaction fees often cost more than the transfer itself. XPL's approach is different—it directly supports paying on-chain fees with USDT or BTC. This may seem like a technical detail, but in reality, it is reconstructing the entire payment system logic.

From another perspective, when products like payment cards truly go mass-market and users swipe cards to buy coffee, if the backend still insists that users hold a highly volatile special token to pay fees, such products will never reach mainstream users. XPL has broken through this critical bottleneck, which means in terms of adapting to real-world payment scenarios, it is already ahead of most public chains by one step.

The team is equally crucial. How far a good project can go depends 80% on the vision and execution ability of the core leaders. This has been my deepest feeling over the years.