As we move through 2026, $XPL faces a critical period regarding its supply dynamics. While the project saw a massive launch in late 2025, it is currently navigating a series of significant token unlocks, including a major release for U.S.-based participants scheduled for July 2026. Investors are closely watching the "real-world usage" metrics—specifically the volume of stablecoin transactions—to see if organic demand for the network can absorb the incoming supply. If Plasma continues its trajectory as the go-to layer for stablecoin payments, it remains one of the most watched infrastructure plays of the year.
