XPL is the native gas token of the Plasma blockchain used for transaction fees, staking and network governance. It also serves as a payments asset within Plasma’s DeFi ecosystem (partner protocols include Aave, Curve, Uniswap, Ethena). Custom gas tokens later allow users to pay fees in stablecoins while retaining XPL as the core gas asset.
What sets PLASMA apart from other Web3 projects?
Plasma is the first Layer 1 blockchain purpose-built for stablecoins, designed to support fast, low-cost, and scalable digital dollar transactions. It enables zero-fee USD₮ transfers, unlocking micro-transactions and everyday payment use cases. The network supports custom gas tokens, allowing users to pay transaction fees directly in USD₮ or BTC, and achieves sub-second finality through its high-performance PlasmaBFT consensus mechanism. Plasma’s state is anchored to Bitcoin, providing enhanced censorship resistance and security, while its full EVM compatibility, built on the Reth execution client, allows seamless deployment of existing Ethereum-based applications. @Plasma #Plasma $XPL