$XPL was a smarter bet than perp DEXes for one reason…
> PerpDEXs are capped by their trading revenue
> You can measure it, track it & the valuation follows
$XPL is different. It's playing in the stablecoin market.
> Nobody knows how much of that market it'll capture
> Could be 1%, could be 10%. The total addressable market is massive (mostly guesswork)
When something's hard to measure, people fill in the blanks with optimism. That's how you get billion-dollar valuations before real traction.
PerpDEXs have to prove their revenue every day. Stablecoin plays just need to show potential. Different games entirely.
Upper price limit for $XPL is $3.27 ?
Tron is (was) the unofficial USDT chain.
Plasma could take that spot as the OFFICIAL Tether chain.
Both:
• Cheap & fast settlement
• Retail stablecoin play (payments, remittances)
• Both have L1 premiums vs L2s
Simple pitch: Tron = unofficial USDT chain, Plasma = official one
Yet Tron is established in many markets thanks to years of usage.
That's why Plasma One app (card etc) will be so important.
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