Why Plasma Focuses on USD₮: This Is Not a 'Team Choice,' But a Question of Network Effects
If you only understand Plasma as "a cheaper and faster chain," you will miss its core strategy: it bets not on a specific technical parameter, but on the network effect of stablecoins. And in the real world, who has the strongest network effect among stablecoins? The answer is often not "the one with the highest yield," but rather "the one with the deepest liquidity, the widest acceptance, and the most cross-market circulation." Plasma focuses on USD₮, essentially making a choice closer to the payment industry: to engage in global clearing and payments, you must first capture the currency track that is "easiest to scale."
In the past few years, the narrative around on-chain infrastructure has mostly revolved around 'faster, cheaper, higher TPS', but what truly retains users is often not performance parameters, but high-frequency, essential, and reusable scenarios. Stablecoin payments precisely meet these three points: they do not require users to bet on direction, nor do they demand complex strategies; more often, it's simply 'I want to transfer money safely, quickly, and with low friction to the other party.' Once this experience is smooth enough, stablecoins will transition from being 'units of account in exchanges' to 'tools for everyday fund circulation', which is incremental for the entire Web3.
However, the reality is that on-chain payments have always experienced 'last mile friction': newcomers must first buy Gas, choosing the wrong network can waste time, a slow confirmation can lead to anxiety, and small transfers may have their perceived value eaten away by fees. Thus, many people only view stablecoins as 'transaction intermediaries', rather than 'payment tools'. Plasma's entry point lies here — it emphasizes making stablecoin payments a top priority, reducing steps and lowering the probability of errors from both the protocol and product layers, bringing the experience closer to Web2's transfers and receipts.
Therefore, the next battleground for infrastructure is likely not about 'who is faster', but who can truly push stablecoins towards large-scale usage: users are willing to use them, merchants are willing to accept them, and funds are willing to stay — this is the direction that can create a long-term flywheel.
Today I saw that Binance can withdraw funds! ——@李狗蛋30 Dog Egg Brother is here to test the process for you @Yi He @币安Binance华语
1️⃣ Directly exchange USDT or USDC for USD at the exchange
2️⃣ For USD, select withdrawal, and you can directly enter your bank's SWIFT
3️⃣ I tested it, the fee for 130 USD is about 25, I think withdrawing funds can be tried now
🏝️ The significance of Binance opening USD withdrawals:
Directly from the exchange to foreign banks or directly to Hong Kong cards, very comfortable! Recently, it's been a bit troublesome with domestic Alipay and bank cards, so USD withdrawals will be a trend in the future
Dog Egg suggests binding your Hong Kong card to Apple Pay; in the future, using Visa for purchases will be very comfortable. You also don't have to worry about your daily withdrawals being restricted
If you need it, give it a try!
李狗蛋30
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Bearish
The next few months seem to have no fluctuations, and the U in hand might still drop.
Wanghui seems to no longer be redeemable, with a 50% discount on USDT. It's best to convert to USDC, then use Haiyao - HK card for withdrawal with no loss, $BTC
To determine whether a project is worth long-term follow-up, don't first ask 'How popular is it?' but rather ask 'Who exactly does it serve?'. The core narrative of Plasma is stablecoin payments and capital flow, so the most direct beneficiaries are actually three types of people.
The first type is ordinary users: they don't want to research Gas, don't want to switch networks repeatedly, and just want to send and receive stablecoins like a transfer app, with immediate arrival. For these people, 'fewer steps, fewer mistakes, and less painful transaction fees' represent the most genuine upgrade in experience. The second type is developers and application parties: if a chain makes users more willing to pay, subscribe, tip, or settle using stablecoins, then wallets, payment SDKs, merchant collection, reconciliation tools, and stablecoin yield applications can start more easily. The third type is merchants and institutions: cross-border settlement, batch remittance, controllable costs, and compliant processes are what they truly care about—whether on-chain capital flow can be transformed into scalable business flow.
So when you look at Plasma, don't treat it as a 'universal public chain', but rather as a set of infrastructure geared towards stablecoin payments: user experience, development ecology, and commercial implementation are the three lines that must be advanced simultaneously, which is the key to its success or failure.
The 'Three-Piece Set' of Plasma: Why It's Not a Story That Can Be Told with Just One Chain?
Many projects like to base their narratives on 'We have a faster and cheaper chain,' but the reality is: the chain is just the foundation, and distribution is the outcome. Especially when what you want to achieve is 'global payment and settlement for stablecoins,' you are facing not only TPS and Gas, but also entry points, user experience, compliance channels, and whether it can be used on a large scale in the real world. The reason Plasma is worth serious consideration is precisely because it is not a single point breakthrough, but rather breaks down the product into a 'three-piece set' to bridge the gap between on-chain and off-chain: Plasma Chain + Plasma One + compliance and payment stack.
If you treat stablecoins as the "dollar of the crypto world", you will discover an awkward reality: on-chain transfers seem convenient, but they still don't feel like payments for ordinary people — you need to buy Gas, choose a network, and if the confirmation is slow, it can cause anxiety; the fees can be discouraging during small transfers. Plasma aims to solve this type of "last mile" problem: making the stablecoin transfer experience closer to Web2, lowering the threshold, reducing steps, and allowing users to complete a payment without having to first learn a bunch of on-chain knowledge.
More importantly, Plasma is optimizing at the protocol level around "stablecoin payments": for example, minimizing the need for users to hold native coins, making the fee experience more user-friendly, and linking payments, deposits, and withdrawals with on-chain financial scenarios into a single line. You can understand it as: it aims to become the "highway" for the circulation of stablecoin funds, rather than just another general-purpose chain that wants to do everything. Next, I will break it down by technology, product, ecosystem, and token mechanism, one by one.
What is Plasma: Why Do Stablecoins Need a 'Dedicated Settlement Chain'?
In recent years, the most successful product in the on-chain world has not been a particular public chain or a specific DeFi protocol, but rather stablecoins. It has transformed the 'dollar' into a programmable asset: it can be transferred 24/7, settled at any time, flow across borders, and can also accumulate yields and credit in DeFi. However, the reality presents a problem — as the scale of stablecoins grows larger, you will find that it is simultaneously taking on two roles: on-chain asset (trading, collateral, market making) and a real-world payment/settlement tool (transfers, settlements, consumption). These two roles impose different requirements on the underlying network.
Brothers, today let's talk about why RWA has never been popular among traders😀
For a long time, RWA has been more of an institutional product rather than a tradable asset. Private placements, whitelist requirements, lock-up periods, and low liquidity have made it nearly impossible for ordinary traders to participate in the early stages, let alone discover pricing. This directly limits RWA's liquidity and attention.
@RWAX_life's approach is very straightforward
RWAX doesn't try to redefine the assets themselves, but rather redefines how assets enter the market. Assets don't need to wait for complex approval processes—they can be listed for trading directly after submitting an Asset Proof via Create Token. Launch and trade simultaneously, giving RWA its first clear market entry point for the first time.
The trading logic of RWA version of Pump.fun
RWAX's trading experience is closer to the early logic of the Meme market, but with real assets instead. The Bonding Curve allows prices to gradually form through trading. The dedicated RWA track prevents attention from being diluted by other asset types, while the ranking system turns trading volume and momentum into sustained visibility.
For traders, the change happens on three levels
Traders can now participate in pricing during the cold launch phase of RWA; real trading becomes the only way to gain exposure; when multiple assets compete within the same market, sector effects begin to emerge. This structure inherently attracts liquidity cycles to enter.
For asset issuers, it's a shift from "being sold" to "being traded"
RWAX doesn't guarantee success for assets, but it provides a complete market-driven pathway, including issuance guidance, fee reductions, ranking exposure, gamified promotion, and support for subsequent exchange listings. Whether an asset is worth seeing is no longer decided by institutions, but by the market.
RWA is entering the rules of the Crypto ecosystem
When attention is distributed via rankings, prices are formed through trading, and consensus is validated by the market, RWA truly begins to operate according to Crypto's principles. RWAX cares not about who says an asset is good, but whether the market is willing to trade it.
Market Sentiment and Bystander Observations — On $IRYS FUD, Manipulation, and the Truth
$IRYS This project has been very active across major communities recently. Those who love it call it a gem in the AI sector, while those who hate it say it's a 'strong manipulator preying on retail investors.' As bystanders, let's set aside technical jargon and focus only on筹码 and human nature.
In November 2025, when Irys launched its token, it indeed faced a public relations disaster. Chain analysts uncovered that about 20% of the airdrop tokens went to a very small number of related wallets.
FUD perspective: This is the project team's own 'insider trading,' or perhaps a 'super witch studio' has drained it. This makes retail investors hesitant to buy, fearing large players will dump their positions.
Hardcore Technical —— Decoding Irys: The 'Programmable' Revolution in Web3 Data
[Technical Insight] Why Ethereum and Solana Can't Solve AI Data Issues? Exploring the Architectural Breakthrough of @iryscn
In the Web3 technology stack, we've long faced a dichotomy: computation is expensive (Ethereum/Solana), while storage is simplistic (Filecoin/Arweave).#Irys
Traditional decentralized storage networks are like massive cloud drives—they only handle 'storage' but not 'computation'. If you want to verify, modify, or trigger actions on stored data via code, you must download the data and process it off-chain. This is incredibly inefficient for high-frequency AI inference and training.
Deep Research Report — The 'Oil Pipeline' of the AI Era: Reassessing Irys's Value Logic
Misunderstood AI infrastructure? Re-evaluating Irys's 100x potential from the data verification layer
In 2026, during the surge of the AI + DePIN narrative, simple storage solutions like IPFS will no longer suffice. Irys has evolved from Arweave's 'scaling layer' into an independent, programmable L1 data chain, aiming to solve the biggest pain point of the AI era: data provenance and verification. This article analyzes Irys's fundamentals, tokenomics, and key catalysts for Q1.
1. Core Narrative: Not just storage, but a 'currency validator' for data
Many investors still view Irys as merely an Arweave bundler, which represents a significant cognitive bias.
Wow, the USD1 annual event ends on January 24th with a 20% discount, about half a month left, I thought it would start two days earlier, is it really starting in half a month? 😅$USD1
$PLAY 2026 is the breakout moment for PlaysOut 🚀 We’re unlocking new formats— bullet games and short-form interactive dramas 🍿 PlaysOut is transforming from a mini-game platform into。 a next-generation interactive entertainment infrastructure, built for scale. Many formats. One powerful framework. The acceleration begins in 2026 ⚡️
The future has arrived, the first step towards data freedom, let's witness it together.✨ #Irys
iryscn
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Irys Binance Square First Post | Opening a New Era of Data
Hello everyone! I am Irys, and I am very glad to officially meet everyone here~ As a blockchain infrastructure focused on 'decentralized storage + programmable data', Irys is committed to providing a verifiable and long-term accessible data foundation for Web3 and AI applications. From on-chain data notarization to the secure use of data during AI training and inference processes, Irys helps developers build more trustworthy data systems through a distributed network and programmable execution environment. This is not only a place for project release information but also a space for the community to explore and co-create together. Whether you are a developer, researcher, investor, or an explorer curious about the future of data and AI, feel free to share your needs, ideas, and feedback – they will continuously drive the evolution of Irys.
In the current DeFi environment, what truly retains users is often not short-term narratives, but a system of products that are continuously available and reusable. @FolksFinance Folks Finance does not position itself as a single application but attempts to become a unified financial entry point in the cross-chain era. Currently, its products cover cross-chain lending, trading, leverage, and liquidity staking, and by integrating different functions under the same framework through unified liquidity and account design, it reduces the friction caused by users frequently operating between multiple chains, splitting funds, and repeating authorizations. This infrastructure-oriented thinking is more conducive to forming long-term usage habits.
In long-term planning, Folks Mobile is a key component. This product is being developed in cooperation with licensed VASPs, aiming to provide a mobile experience that integrates asset management, yield opportunities, cross-chain access, and strategy execution within a compliant framework. The target audience is not limited to on-chain native users but also seeks to cover potential incremental users who are interested in on-chain yields but place greater importance on compliance and usability. This direction reflects Folks' forward-looking judgment on the expansion of DeFi to a broader user base.
In terms of community and incentives, Folks also emphasizes "real usage" rather than short-term volume brushing. The first season of point airdrops released a total of 1.5 million $FOLKS, becoming one of the more representative airdrop cases this year; the ongoing second season of points is still focused on real lending, trading, and capital participation. At the same time, the Airaa creator program has set up a reward pool of over $500,000, but overall participation remains limited, leaving relatively significant space for users willing to engage in in-depth research, content output, and long-term participation.
Overall, Folks Finance demonstrates a clear long-termism characteristic: product priority, restrained pace, and a strong binding of incentive mechanisms to actual demand. In a market environment currently dominated by short-term sentiments, such projects may not be "lively" enough, but from the perspective of fundamentals and long-term competitiveness, they are still worth tracking and observing continuously.