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 132

$0.06650

-$0.00432(-6.11%)

Market Cap

$318.04M

24h High

$0.07200

24h Low

$0.06625

24h Turnover

$2.07M

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 $0.06650, with a 24h change of -6.11%. Over the same period, the low was $0.06625, the high was $0.07200, and the 24h trading volume was $2.07M. The current market cap is approximately $318.04M. It ranks #132 by market cap and accounts for +0.02% of the total crypto market cap. The all-time high was $1.69200 (⁦2025-09-28⁩); the current price is -96.07% from the all-time high.

XPL (XPL) Price History

7 Days
-8.22%
Low
$0.06625
High
$0.08638
30 Days
-29.98%
Low
$0.06625
High
$0.09748
90 Days
-14.08%
Low
$0.06625
High
$0.12549
1 Year
-74.83%
Low
$0.06013
High
$0.35190

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 34; Fear
Last Week: 50; Normal
Last Month: 67; Greed

The Fear & Greed Index is currently 37/100, in the Fear zone; change from yesterday: +3, from last week: -13, and from last month: -30. 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 downward pressure may reflect concentrated margin withdrawals amplifying forced liquidations and liquidity shocks; this is a possible driver, not a confirmed sole cause. On 2026-11-02, 16 associated wallets withdrew about $2.0386 million in margin, followed by liquidations. HLP took over about 160 million XPL and incurred losses of about $555,800 during the process. Public data do not establish that these wallets directly triggered the decline. Limited near-side order-book depth may amplify market impact, but a single snapshot does not reveal participants’ intentions. Technical signals were broadly bearish: moving averages were bearish on the 15-minute and 4-hour charts, neutral on the 1-hour chart, and bearish on the daily chart, where trend strength was weak. RSI was neutral across timeframes and MACD showed no crossover. Whether rebound resistance and downside risk persist depends on subsequent closes and trading volume.

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

2.32%

Fiat Exchange

XPL to USD$0.06657

XPL to RUB₽5.1479

XPL to EUR€0.05822

XPL to BRLR$0.3439

XPL to INR₹6.3544

XPL to AEDد.إ0.2444

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XPL (XPL) Basics & Market Insights

Fundamentals

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

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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?

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