Post #11459

Plasma vs Stable: Same Valuation, Wildly Different Fundamentals StableChain went live on mainnet a month ago, and while $STABLE is trading at almost the same valuation as Plasma $XPL - the fundamentals tell a very different story. > Plasma has $3.19B in TVL vs Stable’s just $925k → harsh 3,000× gap > Daily on-chain volume: $95.5M vs $82K → 1,150× gap > Ecosystem: Plasma has some live apps and capital rotation vs Stable having virtually none Since TGE on Dec 8, $STABLE is down sharply from $3.3B to $1.46B FDV. But based on current usage, capital deployment, and ecosystem activity comparing with Plasma as its competitor, even today’s valuation looks disconnected from fundamentals and looks overpriced at this stage. Follow us to be on top of crypto: TG | Chat | X