#plasma $XPL
Plasma (XPL) is the native utility token of the Plasma blockchain, a high-performance Layer 1 network launched in 2025. It is specifically engineered to function as a global payment rail, specializing in zero-fee stablecoin transfers (notably USDT). By utilizing a custom "paymaster" system, the network allows users to move digital dollars with the speed of an email, removing the traditional friction of high gas fees.
The XPL token is the backbone of the ecosystem's security and operations. It is used for:
Staking: Validators lock XPL to secure the network and earn rewards.
Governance: Holders can vote on protocol upgrades and ecosystem parameters.
Gas Fees: While simple stablecoin transfers are free, XPL powers more complex smart contract executions and DeFi interactions.
As of early 2026, XPL is trading around $0.12–$0.13, with a market cap of approximately $230–$250 million. While the project has gained traction through partnerships with major exchanges like Bitfinex, investors are currently watching a significant token unlock scheduled for July 28, 2026, which may impact market volatility.
@plasma
