Plasma (XPL) is a Layer 1 blockchain designed for global stablecoin payments, focusing on fast, low-cost transactions. Its native token, XPL, serves as a staking asset, validator incentive, and governance token.
*Key Features:*
- Zero-Fee USDT Transfers: Plasma enables users to send stablecoins without incurring gas fees.
- EVM Compatible: The blockchain is compatible with Ethereum Virtual Machine (EVM), allowing developers to deploy smart contracts seamlessly.
- Custom Gas Token Support: Plasma supports custom gas tokens like USDT and BTC.
*Market Performance:*
XPL is trading at $0.1171, with a market cap of $269M, down 8.6% in 24 hours. Plasma integrated with NEAR Intents, enabling cross-chain stablecoin settlements, and launched mainnet beta with $2B liquidity, scaling to $5.5B TVL.
*Summary:*
Plasma (XPL) is a promising blockchain solution for stablecoin payments, offering zero-fee transactions and EVM compatibility. Despite market fluctuations, XPL remains a notable player in the cryptocurrency space.#xpl
