Plasma用户规模、生态维度、市场表现及风险提示 Plasma (XPL) is a stablecoin dedicated Layer 1 public chain launched in September 2025. As of January 2026, the total number of users exceeded 2.2 million, with strong early growth but subsequent retention pressure due to reward devaluation. Its stablecoin supply exceeds $7 billion, with a TVL of approximately $4.353 billion, integrating over 100 DeFi protocols, and a high level of activity from developers and the community. However, the project faces risks such as a sharp decline in token price, unlocking selling pressure, and an unverified income model, so investment should be approached with caution.
