#Plasma $XPL is the native cryptocurrency and utility token of the Plasma blockchain. It functions similarly to ETH on Ethereum or SOL on Solana but with important differences due to Plasma's stablecoin-first design.
Core utilities of @Plasma include:
Paying transaction fees for non-sponsored operations (smart contract deployments, complex DeFi interactions, dApp usage, etc.)
Staking for network security — Plasma uses a proof-of-stake (PoS) model where validators stake XPL to participate in consensus (via PlasmaBFT). Delegators can stake without running nodes and earn a portion of rewards.
Validator rewards — Earned through controlled inflation (which decreases over time) and transaction fees from non-sponsored activity.
Governance participation (emerging/decentralized over time).
Ecosystem incentives — Used in grants, liquidity programs, developer rewards, and other initiatives.
Token distribution originally included allocations to public sale participants, team, investors, ecosystem funds, and community programs, with gradual vesting/unlock schedules to prevent immediate dumps. Total supply is capped in practice (though some sources list it as theoretically unlimited), with circulating supply in the low billions as of 2026.
