Plasma price

XPL is the gas token. The gas token is a stablecoin. XPL is redeemable for 1 USDT. The dat will overpeg the stablecoin. Higher.

I deeply agree with what Ning said. Looking back at the Portfolio from the first round of ABCDE investments, the most successful ones are undoubtedly @megaeth_labs and @MerlinLayer2. MegaETH was initially chosen as one of the earliest investors because of their technology, but without the addition of the operational genius Shuyao @hotpot_dao later on, I believe MegaETH would not have the scale and recognition it has today. As for Merlin, it goes without saying that the early BTC EVM L2 was not a technology-driven race. Moreover, many people don’t know that when we talked to Jeff @BitmapTech, there was no mention of Merlin at all; we simply thought Brc420 was cool and that Jeff was a strong individual. Later, when Merlin was born, it indeed soared in TVL. Although the entire sector is currently sluggish, Merlin remains one of the projects that can still make waves. Looking back, some hardcore projects that were purely technology-focused have not performed well in terms of price or popularity. The most regrettable missed investments for me are undoubtedly $wlfi and Plasma $XPL. The reason is that at the time (2024), the valuations seemed quite high, and I didn’t see any standout technical features (Plasma is a BTC EVM sidechain, and WLFI is even more so, being a fork of AAVE). However, looking back now, it was a lack of sufficient political sensitivity and foresight regarding the stablecoin public chain sector. I didn’t expect that these two strong operational teams would deliver such a FOMO-inducing report to the market this year; I can only slap my thigh in regret. These past few days, with $Aster becoming so popular, I feel that the third project we regrettably missed out on will likely be @edgeX_exchange😤. Of course, this doesn’t mean that technology is no longer important; it’s just that the role of operations in determining a project's success is becoming increasingly significant. The crypto space's transition to a stock market-like environment is not only aimed at primary and secondary investment markets but also at Founders & Builders. You need to operate your project like a company, rather than simply proposing a technical solution and deploying a few contracts while expecting it to grow wildly like it did during the DeFi Summer.