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 in USD 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 141

$0.05718

-$0.00091(-1.58%)

Market Cap

$273.43M

24h High

$0.05971

24h Low

$0.05656

24h Turnover

$424.45K

Total Supply

10.00B

Market Sentiment

Neutral

Price of XPL (XPL) Today in USD

View XPL (XPL) Price Prediction

The live price of Plasma (XPL) today is $0.05718, with a 24h change of -1.58%. Over the same period, the low was $0.05656, the high was $0.05971, and the 24h trading volume was $424.45K. The current market cap is approximately $273.43M. It ranks #141 by market cap and accounts for +0.01% of the total crypto market cap. The all-time high was $1.69200 (⁦2025-09-28⁩); the current price is -96.62% from the all-time high.

XPL (XPL) Price History

7 Days
-30.12%
Low
$0.05644
High
$0.08638
30 Days
-32.16%
Low
$0.05644
High
$0.08971
90 Days
-25.77%
Low
$0.05644
High
$0.12549
1 Year
-83.00%
Low
$0.05644
High
$0.35190

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 28; Fear
Last Week: 30; Fear
Last Month: 64; Greed

The Fear & Greed Index is currently 25/100, in the Fear zone; change from yesterday: -3, from last week: -5, and from last month: -39. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

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

XPL’s modest movement in a low-liquidity setting is more consistent with technical consolidation than with a clear event catalyst. On 2026-11-06, candlestick volume was about 599,000 tokens, representing roughly $34,500 in notional turnover; this was limited relative to the report’s approximately $577 million market capitalization, so small flows could have greater price sensitivity. The top-five-level bid/ask depth ratio was 1.01, indicating an overall balance. The largest bid was much larger but sat deeper in the book, limiting its effect on immediate execution prices. RSI readings were neutral across timeframes and MACD showed no signal; the four-hour bias was bearish but momentum was limited, while moving-average directions differed across shorter timeframes.

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.

Layer1

Website

Explorers

How to Buy and Use XPL (XPL)

How to Buy

Buy in just four steps (Log in -> Verify -> Purchase -> Receive crypto)

Verify

Trade

Receive Assets

Related Markets

Spot

XPL/USDT

Trade

Futures

XPL/USDT

Trade

Margin3X

XPL/USDT

Trade

Simple Earn

Est.30-Day APR

8.03%

Fiat Exchange

XPL to USD$0.05728

XPL to RUB₽4.4295

XPL to EUR€0.05009

XPL to BRLR$0.2959

XPL to INR₹5.4677

XPL to AEDد.إ0.2103

More XPL Converter

XPL (XPL) Basics & Market Insights

Fundamentals

Plasma (XPL) Tokenomics Explained: Supply, Distribution, and Value CaptureBeginner

Gate Launchpad: Plasma (XPL) Subscription InsightsBeginner

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

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

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

The information provided on this page is for general reference only and does not constitute any form of investment, financial, legal, tax, or trading advice, nor does it constitute any offer, solicitation, or recommendation. Gate makes no representations or warranties regarding the accuracy, completeness, or timeliness of the relevant information and assumes no liability for any losses arising from users' own decisions based on such information. Gate products and services may be restricted in certain jurisdictions or for certain users. Before using the relevant services, please ensure compliance with applicable laws and regulations, and refer to the User Agreement for provisions regarding restricted regions and service limitations.