Our latest Enterprise research covers:
- Why Plasma was valued on its connection to Tether.
- How to value Plasma based on comparable protocols (TRX, ENA, ETHFI).
- Plasma's best path forward is to build a neobank.
Read now:
$XPL is caught in a tricky spot.
Investors were eager to treat @Plasma as a proxy to Tether, but at a $10 billion valuation, the market appears to be overpricing its ability to monetize that alignment.
Ultimately, Plasma’s success depends less on Tether proximity, or even chain fees, but rather on delivering new value to USDT users through its emerging market-focused neobank.
We believe the market will eventually correct based on Plasma's execution of Plasma One (their custom-built neobank).
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