2026-01-19 19:23:57

Having explored concepts like DeFi, NFT, and GameFi, one thing has been overlooked—the deeply rooted core: stablecoins.

Breaking down the true operation of the crypto market reveals a sobering fact: the system that has truly been running, generating real demand, and continuously expanding is actually the stablecoin ecosystem. It’s long ceased to be just a tool for trading pairs; it has evolved into a dollar liquidity network on the chain.

So the question arises: where should these dollars be placed on the chain?

The current situation is a bit awkward. Stablecoin settlements are mainly concentrated on three chains, each with its own issues:

**Ethereum**—security is unquestioned, but high fees and confirmation delays are not very friendly for high-frequency settlements.

**Tron**—extremely cheap, transaction costs are really low, but the trade-off is the risk of centralization.

**Solana**—fast speed, but its design philosophy leans more towards a transaction execution system rather than a settlement layer.

This isn’t about which chain is better; it’s about how the demand has already upgraded while the infrastructure remains stagnant. The balance point among settlement efficiency, cost, and security has yet to be truly solved.

**This is why Plasma was created.** It’s not aiming to be "another more user-friendly general-purpose chain," but the first Layer 1 re-architected from the core requirement of stablecoin settlement.

From a technical perspective, every step of Plasma points toward the same goal—prioritizing settlement:

- Sub-second finality (BFT consensus)—not to run faster DeFi applications, but to approach the experience of real payment systems.
- Full EVM compatibility (based on Reth)—directly reusing existing developer and tool ecosystems, avoiding detours.
- Bitcoin as a security anchor—the design idea is interesting, separating settlement security from scalability.

This architectural thinking is very clear: focus on the specific scenario of stablecoin settlement, rather than trying to become the next universal chain.

ETH-6.41%

TRX-2.56%

SOL-2.13%

BTC-3.19%

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ProbablyNothing

· 01-19 19:52

Stablecoins are the truly established track, while other concepts are overly flashy. The Plasma approach is indeed different, focusing on settlement without riding the hype.

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DuckFluff

· 01-19 19:30

Stablecoins are the real demand, much more reliable than those flashy concepts. --- Tron is cheap and satisfying, but the risk of centralization is still hanging over it... Someone still needs to resolve this contradiction. --- Wait, is the Plasma idea to focus solely on settlement? Not pursuing everything? That’s actually interesting. --- Ethereum’s transaction fees are ridiculously high, and Solana isn’t suitable for settlement. This gap definitely needs to be filled. --- Separating security and scalability—that’s a decent approach, not something that comes from hardware. --- Honestly, no one has truly perfected stablecoins; everyone just wants to create the next Ethereum. --- Using Bitcoin as a security anchor? Seems like an idea, but can it actually work?

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LiquidityOracle

· 01-19 19:28

Stablecoins are the real demand, and that's correct. But using Bitcoin as an anchor for Plasma might be a bit of over-marketing; the true solutions for cost and speed still depend on practical application.

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LayoffMiner

· 01-19 19:26

Stablecoins are the real deal; all those tricks in DeFi are just superficial.

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