Interesting: $XPL and $STABLE have almost the same valuation, yet wildly different fundamentals.

Completely different growth metrics:

> Plasma's TVL is $5,800,000,000
> Stable's TVL is $30,000 (pre-deposit vault excluded)

Plasma still offers multiple productive yield opportunities, such as Aavethena and Pendle, which actively attract DeFi users.

At the moment, Stable lacks DeFi use cases.

No working app. No ecosystem. No user (zero dex volume in 24h).

Wild to see this.