XPL is Plasma's native token. Plasma is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain for global stablecoin payments; EVM compatibility means Ethereum-oriented smart contracts and development tools can be deployed or used according to the network's compatibility rules. XPL is a network token and is not the same as any particular stablecoin.

XPL Price Today, Live Market & Historical Trend Chart

Q: What role does XPL play in the Plasma network?

Official information uses XPL for Plasma's network security and validator incentives. Validators participate in confirming and maintaining the network; incentives connect network-maintenance behavior with the token mechanism. This positioning does not mean that merely holding XPL necessarily earns validator rewards; specific participation eligibility, operational requirements, and reward rules are determined by the network's relevant mechanisms.

Q: Do I always need to hold XPL to use Plasma?

Not necessarily. Plasma's stablecoin-first design includes protocol-maintained fee sponsorship capabilities and also allows approved tokens to pay transaction fees; therefore, users may not need to hold XPL first in some eligible applications and transactions. Whether this applies depends on the application used for the transaction, whether the token is approved, and protocol conditions: fee sponsorship does not mean that all transactions are permanently free, and payment with approved tokens does not mean that any asset can replace XPL.

Q: What primary use case does Plasma target?

Plasma seeks to make stablecoin payments a priority use case for the network, supporting such applications through high throughput, EVM compatibility, and stablecoin-related fee and payment capabilities. The distinction is that the network layer has been specifically designed around transaction conditions for stablecoins; whether particular payment products are available, which assets they support, and which regions they serve are still determined by applications connecting to the network.

Q: How was XPL allocated to the community at the Plasma Mainnet Beta launch?

In the launch arrangements related to Plasma Mainnet Beta, the official disclosure stated that 10% of the XPL supply was allocated through a public community sale; in addition, 25,000,000 tokens were allocated to eligible small-deposit participants, and 2,500,000 tokens were reserved for Stablecoin Collective members. These figures describe specific allocation paths in that launch arrangement and cannot be used to infer XPL's complete supply structure, real-time circulating supply, or an amount that any individual is certain to claim.

Rank 132

$0.07244

+$0.00008(+0.12%)

Market Cap

$341.23M

24h High

$0.07522

24h Low

$0.07141

24h Turnover

$380.62K

Total Supply

10.00B

Market Sentiment

Neutral

XPL (XPL) Price Performance

View XPL (XPL) Price Prediction

Plasma (XPL) has a Last Price of $0.07244, with a 24h change of +0.12%. The 24h low is $0.07141, the 24h high is $0.07522, and the 24h turnover is $380.62K. The current market cap is approximately $341.23M, ranking 132 by market cap and accounting for 0.014% of the total crypto market cap. The All-Time High is $1.69200 (⁦2025-09-28⁩), with a change from the All-Time High of -95.72%.

7 Days
-7.54%
Low
$0.07066
High
$0.08665
30 Days
-31.80%
Low
$0.07066
High
$0.10929
90 Days
-6.16%
Low
$0.07066
High
$0.12549
1 Year
-79.30%
Low
$0.06013
High
$0.38090

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 50; Normal
Last Week: 55; Normal
Last Month: 70; Greed

The Fear & Greed Index is currently 48/100, in the Normal zone; change from yesterday: -2, from last week: -7, and from last month: -22. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did XPL (XPL) Rise in the Last 24 Hours?

XPL’s movement appears more consistent with a short-term technical rebound. Shallow order-book liquidity may amplify market impact, but these factors do not confirm a trend reversal. In the order-book snapshot on 2026-10-26, sell volume across the top five levels was about 3.2 times buy volume, indicating near-term selling pressure; a single snapshot does not reveal trader intent. The 15-minute moving averages were bullish, while the 4-hour averages were bearish, leaving the overall technical signal neutral: a short-term recovery coexisted with a weaker trend. An hourly candle closed lower that day, alongside the rebound; without a historical volume baseline, an increase in trading activity cannot be confirmed. A report cited a planned unlock of about 227.78 million XPL on 25-10-2026, equal to 5.02% of released supply. This is potential supply-pressure context, not evidence that the unlock drove the rise; whether it occurred and whether it created actual selling pressure remain to be confirmed.

About XPL (XPL)

Plasma is a high-performance layer 1 blockchain purpose-built for stablecoins. Stablecoins have become one of crypto’s dominant use cases, with over $275 billion in supply and trillions in monthly volume. Plasma is purpose-built to meet their demands with zero-fee USD₮ transfers, custom gas tokens, support for confidential payments, and the throughput to scale globally.

Use Cases and Features

Plasma is an EVM-compatible Layer 1 blockchain for global stablecoin payments, and XPL is its native token. XPL helps secure the network and coordinate validator incentives, while connecting network ownership with users and builders. Plasma supports a stablecoin-first payment experience; subject to protocol conditions, applications can use managed fee sponsorship or custom gas token mechanisms to reduce the need for users to hold XPL to pay transaction fees.

Supply and Issuance Mechanism

XPL is the native token of Plasma. Plasma previously allocated 10% of its total supply through a community public sale; when mainnet beta launched, it also distributed 25 million XPL to small-deposit users who completed Sonar verification and participated in the sale, and reserved 2.5 million for current and future members of the Stablecoin Collective.

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Est.30-Day APR

1.35%

Fiat Exchange

XPL to USD$0.07179

XPL to RUB₽5.5516

XPL to EUR€0.06278

XPL to BRLR$0.3709

XPL to INR₹6.8527

XPL to AEDد.إ0.2636

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XPL (XPL) Basics & Market Insights

Fundamentals

What Is Plasma (XPL)? A Beginner's Guide to the Blockchain and TokenBeginner

Gate Launchpad: Plasma (XPL) Subscription Guide and Key HighlightsBeginner

Gate Launchpad Plasma (XPL) Subscription Guide: How to Capture Dual Yield OpportunitiesBeginner

Market Analysis

XPL Unlocks 227 Million Tokens, Equal to 5.02% of Circulating Supply: Why Does the Supply Shock Still Matter?XPL will unlock 227 million tokens on October 25, representing 5.02% of the circulating supply. Using the price action following the large unlock in September as a reference point, this article examines XPL’s potential transmission pathways from the additional circulating supply across three dimensions: supply marginal impact, the liquidity environment, and the project’s fundam2026-10-19

Is XPL a Good Investment? Plasma's Stablecoin Growth PotentialIs XPL a good investment in 2026? Explore Plasmas stablecoin ecosystem, Plasma One, USDC integration, token unlock risks, and XPL price outlook.2026-10-12

September Week 4 Token Unlocks: XPL, H, and SOSO Supply Pressure ExplainedIn the fourth week of September 2026, three major tokens—XPL, H, and SOSO—will see concentrated unlocks, releasing more than $170 million in total. Using the latest market data and tokenomics models, this article breaks down how differing circulating supply unlocks affect potential liquidity shocks across each project, and assesses the risks of near-term supply pressure and mar2026-09-22

Frequently Asked Questions About XPL (XPL)

What is XPL?

What role does XPL play in the Plasma network?

Do I always need to hold XPL to use Plasma?

What primary use case does Plasma target?

How was XPL allocated to the community at the Plasma Mainnet Beta launch?

Risk Disclosure

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