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XPL is the native token of Plasma Network, corresponding to a Layer 1 EVM-compatible blockchain optimized for stablecoin payments. The core focus of the project is on large-capacity, low-cost global stablecoin transactions, supporting zero-fee USDT transfers and sub-second confirmations. It achieves high security and over 1000 TPS throughput through the Plasma BFT consensus mechanism.
Its technical architecture combines the security of Bitcoin and the programmability of Ethereum, with built-in Bitcoin bridges and privacy layers, and complex operations supporting stablecoin payment fees. The total supply of XPL tokens is 10 billion, featuring staking, governance, and advanced trading gas payment functions. After the mainnet launch in September 2025, it has been listed on major exchanges like Binance, with TVL rapidly breaking through 10 billion, becoming a key project connecting traditional finance and blockchain stablecoin infrastructure.