PLASMA January 2026 Update
Something clicked this month for Plasma.
Not in the price charts—those are still recovering from the brutal post-launch correction. But in the infrastructure itself.
NEAR Intents just plugged XPL and USDT0 into a liquidity network spanning 125+ assets across 25 blockchains. That's not a partnership announcement for the sake of Twitter engagement. That's actual rails being connected.
Meanwhile, CoW Swap went live on the network. MEV-protected swaps with zero gas. The kind of execution quality that traders on Ethereum pay premium fees to access is now standard on a chain built specifically for moving stablecoins.
Here's what most people miss about Plasma's current position: Yes, the token dropped 90% from peak. Yes, TVL contracted from $6B to under $3B. But 40,000+ daily USDT transactions are still flowing through the network. Real volume. Real users moving real money without paying for the privilege.
The Binance CreatorPad campaign running through February (3.5M XPL in rewards) is driving visibility. Kraken enabled USDT0 deposits. Coinbase and eToro listings went live. The infrastructure keeps expanding while attention stays elsewhere.
Framework Ventures founder Vance Spencer said it plainly: "Plasma is going to make it in 2026."
He led their seed round at a $500M valuation higher than today's market cap. Draw your own conclusions about conviction levels.
The Bitcoin bridge activation is still coming. Validator staking goes live Q1. The July unlock remains the big test for tokenomics.
But if you're tracking infrastructure plays in stablecoins, ignoring what's happening here seems like a mistake.
The boring work continues. The rails keep getting built.
