The previous judgment on XPL was indeed too conservative. Only after spending time studying did I realize that this project performs quite solidly across several key dimensions.

First is the Paymaster zero Gas mechanism. This is not just a gimmick but a practical solution to lower the user entry barrier. Beginners don't need to worry about Gas fees and can start directly, which is significant for the popularization of Web3 applications.

What's more interesting is the integration of Rain cards with physical cards. Web3 assets can be directly used in offline consumption scenarios, bridging the last mile from virtual assets to real life. Many projects get stuck on "pseudo-application scenarios," but this idea of transforming cold wallets into consumption tools still has some imagination space.

The SyrupUSD yield protocol is also making moves. The deposit-and-earn model is old-fashioned, but the distribution mechanism of ecosystem dividends is well-designed, with a bit of an automated market maker flavor, attracting liquidity while allowing participants to profit.

On the technical stack, full EVM compatibility is a plus. Solidity developers can migrate at zero cost, which significantly lowers the barriers to ecosystem expansion. From this perspective, the moat is indeed gradually being built.

Putting the entire logic together, XPL has a clear progressive relationship in product design, application scenarios, and ecosystem construction. The market opportunity is right there; how to choose depends on individual risk preferences.