Many people look at XPL just focusing on the price increase, but my logic is a bit different. Instead of being driven by price sentiment and chasing the hype, it's better to start from the underlying mechanism—whether Plasma's execution layer and fee architecture can support long-term use.

I spend time reviewing data and documentation, comparing it with several other public chain solutions in the same direction. Plasma's characteristics are quite distinct: it doesn't pursue TPS limits but instead takes a practical approach to validator node load and transaction confirmation stability. It may sound unsexy, but that's exactly what I value. A chain that can be repeatedly exploited and relied upon by real users over the long term without collapsing is more impressive than setting daily records.

The role of XPL is also clear now. It's not an emotion amplifier but the "fuel + access rights" for network operation. Holding it means participating in network security, settlement rights, and governance voting, not surfing trades. Honestly, this token isn't very suitable for the overnight wealth dream, but on the flip side, it's also less likely to be dumped in the middle of the night. Of course, the premise is that the team doesn't mess with the incentive model—that's the variable I'm most concerned about right now.

The real risks also need to be acknowledged: slow ecosystem expansion and weak topicality. During periods of low market enthusiasm, it's easy to be forgotten by the market. But history shows that these low-key projects often last longer.

For my personal holding strategy, XPL is a low-profile allocation—just leave it alone, occasionally check the active on-chain data, and there's no need to watch K-line charts.

My final thought is simple: I won't heavily invest all at once, but I will continue to track the real usage evolution of Plasma. Betting on narratives is pointless; it's all about whether it can truly take off.