XPL is the native token of the >Plasma< blockchain, which is purpose-built for global stablecoin payments, and "XPL Plasma Analysis" generally refers to the financial and technical analysis of this cryptocurrency.
Financial Overview
As of January 25, 2026, the price of Plasma (XPL) is approximately $0.128 with a market capitalization of around $265 million. The token has a total supply of 10 billion XPL, with roughly 2.07 billion currently in circulation.
Key Insights
Recent News: Plasma recently integrated with NEAR Intents for cross-chain stablecoin settlements, which was a catalyst for a short-term price surge.
Token Utility: XPL is primarily used to pay for gas fees on the Plasma blockchain (for complex transactions), for staking to secure the network, and for on-chain governance.
Unique Features: The Plasma network offers zero-fee USDT transfers and is EVM-compatible with a trust-minimized bridge to Bitcoin for enhanced security.
Price Volatility: The token has experienced significant volatility since its launch in September 2025, reaching an all-time high of $1.68 and an all-time low of $0.1158.
Future Supply: A major token unlock event is scheduled for July 2026, when 2.5 billion XPL tokens (25% of the total supply) will become available, which could introduce selling pressure.
You can purchase or trade the XPL token on major exchanges like Binance, Coinbase, or Kraken.