Massive inflows.
Has to be record for a new chain 48 hours post launch?
The power of a very well executed launch alongside a good product.
Not too many examples of both this cycle.

Plasma launch and GTM has been very impressive.
I've seen so many chains launch in the past with basically nothing on day 1.
Would usually take months for there to be a central ecosystem dashboard, and there would be very few apps to try and nothing much to do.
With Plasma I was able to easily bridge, deposit into a number of blue chip DeFi protocols, and see all the incentives in one place because of their main dashboard.
Sounds simple, but very few have executed this well on launch. I'm a big fan of the neobank vision as well.
Don't have a massive view on the token. Low float means it can continue to pump in the short term, and has a lot on both the fundamentals and narrative side going for it. But a lot of supply will have to change hands eventually, as they have made a lot of people quite rich on paper.
12B FDV day after launch is huge. Could argue it is fairly priced based here now based on current metrics and partners? About the same amount of stables on the chain as Base, and more DeFi TVL than Avalanche, Sui, HyperEVM and Polygon.
If the market ever decides to bounce, then XPL probably goes higher in the short term as the new shiny token with actual fundamentals.
Happy for everyone that did so well here, I didn't manage to deposit to get an allocation for the sale (my cope is that I tried). Picked up a bit of XPL yesterday for a trade.



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