XPL's positioning is very clear—zero-fee stablecoin settlement. This addresses a real pain point rather than a false demand: the high transaction fees and confirmation delays on the current main chain for stablecoin transfers, which directly hinder on-chain payments and large, frequent settlements.

From the perspective of token value, if XPL can truly provide low-cost settlement services stably over the long term, a direct correlation will be established between the token's value and network usage. This is not hype but a typical usage-driven growth logic.

Specifically, there are a few key points. First, whether it can attract stablecoin issuers, payment providers, or large exchanges, which determines whether on-chain transaction volume can truly increase. Once volume grows, fee income will become a real support for the token's value. Second, staking or lock-up mechanisms will directly affect the circulating supply of the token. If institutions enter on a large scale and lock tokens, the tradable market volume will significantly tighten, which is highly meaningful for long-term holders. Third, the speed of ecosystem expansion and the quality of partners are more decisive for the project's long-term performance than short-term K-line fluctuations.

In other words, it depends on how far this project can go. There's no need to obsess over daily price changes; the key is to watch ecosystem development and real adoption rates.