Congratulations to @PlasmaFDN, the $1B deposit limit has been fully deposited in a short period of time! I have been following the RWA infrastructure project on this $BTC for a long time. @PlasmaFDN is a blockchain protocol that focuses on the high-performance underlying infrastructure of stablecoins, and its core positioning is to solve the efficiency bottleneck and lack of functions of existing public chains in stablecoin application scenarios. Next, I will conduct an in-depth analysis from three dimensions: technical architecture, market positioning and fundraising performance: 🚀 1. Core positioning: dedicated blockchain for stablecoins - Direct pain points: Traditional public chains (such as Ethereum) have problems such as high gas fees, high transaction failure rates, and single functions when processing stablecoin transactions, especially in small-value cross-border payment scenarios. -Solution: - ✅ Zero-fee USDT transfers: Users use USDT to pay transaction fees, and the transfer itself is free (attracting high-frequency and small-value payment demand). - ✅ Multi-asset payment fees: Support BTC, USDT and other mainstream assets to pay gas fees, improving user flexibility. - ✅ Confidential transaction function: Develop privacy layer technology to protect sensitive transaction data (e.g., amount, participants). 2. Technical architecture: pay equal attention to high performance and compatibility 1. Consensus Layer: - Adopt the PlasmaBFT consensus protocol (based on the BFT variant) to achieve second-level transaction confirmation (benchmarking against high-performance chains such as Solana). 2. Execution Layer: - Integrate the Reth execution engine (developed in Rust language), compatible with the EVM ecosystem, and support developers to seamlessly migrate DApps. 3. Cross-chain interoperability: - Native support for stablecoin cross-chain bridging, reducing the liquidity friction of USDT/USDC between multiple chains. 💰 3. Analysis of fundraising capacity: The deposit limit of 1 billion US dollars was quickly reached According to the disclosure, Plasma attracts user deposits through a compliant vault contract, and its $1 billion deposit limit is fully deposited in a short period of time, reflecting strong market confidence. The driving forces behind it include: - Innovative design for revenue capture - User funds are deposited into blue-chip protocols such as Aave and Maker to earn interest, and are converted into USDT and returned after the lock-up period ends, forming a dual incentive of "low-risk return + airdrop expectation". - Compliance assurance - Mandatory KYC and jurisdictional screening through the Echo Sonar platform to avoid regulatory risks (catering to the needs of institutional funds). - Track bonuses - Stablecoin payment and RWA (real world asset) track broke out (such as Visa, PayPal integrated stablecoin), and capital accelerated the layout of underlying facilities. 4. Potential challenges and risks 1. Competitive extrusion - Similar targeting projects (such as Noble Chain) have launched USDN yield-based stablecoins with an annualized return of 14.8% to divert users' deposit needs. 2. Risks of technology implementation - The confidential transaction feature has not yet been launched, and the balance between privacy and performance needs to be verified. 3. Regulatory uncertainty - The details of the global stablecoin regulatory framework (such as MiCA) have not been fully implemented, which may affect the adjustment of the protocol design. Conclusion: Why capital bets The core appeal of Plasma is the extreme optimization of vertical scenes - Short-term: Capture stablecoin payment flows through a zero-fee + compliant yield pool; - Long-term: Become the core settlement layer for RWA assets on the chain (the tokenization of US bonds requires a high throughput bottom). Its fundraising success proves the urgent need for stablecoin-specific infrastructure, but whether it can continue to lead depends on the speed of technology delivery and the ability of ecosystem expansion. 📌 For users to participate in the path, you can pay attention to the [official website deposit channel] ( Whether to open a new quota, or testnet interaction for potential airdrops.