Here’s a clear explanation of Plasma (XPL) token utilities — focusing on the modern Plasma Layer-1 blockchain’s native token (XPL), which launched with its mainnet beta in 2025 and is optimized for stablecoin-centric DeFi and payments: �
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🔑 Core Utilities of the Plasma (XPL) Token
1. Transaction Fees / Gas
XPL is the gas token on the Plasma network, used to pay for transaction execution and smart contract operations on the chain. �
Bitget
Although basic USDT transfers are fee-free for end users (thanks to protocol paymasters), XPL is still needed behind the scenes for broader network activity and non-sponsored fees. �
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