Stablecoin Chains: A Reality Check on Adoption

Plasma has been bleeding activity. On-chain metrics paint a grim picture—$XPL token nosedived 90%, and it's hard to ignore the technical constraints stacking up underneath.

Then there's the throughput problem. Stable chains are barely keeping pace: 0.2 transactions per second. That's not just slow. That's a fundamental bottleneck when you're betting on mass adoption.

So here's the billion-dollar question: Can stablecoin chains actually break through? Or are we looking at another cycle of overhyped infrastructure that fails to deliver real utility? The numbers suggest we need a hard reset on expectations—both on scaling and on what users actually need.