#plasma $XPL Plasma reopens deposits, secures $1 billion in 30 minutes for XPLPlasma (XPL) is a Layer-1 blockchain native token designed for fast, low-cost, global stablecoin payments, featuring sub-second finality and high throughput. As of February 2026, XPL is used for staking, network governance, and transaction fees. It supports EVM-compatible smart contracts, a native Bitcoin bridge, and is backed by investors like Framework Ventures, Bitfinex, and Founders Fund.

Key Details About Plasma (XPL):

Purpose: Built for stablecoin transfers with near-instant, fee-free payments.

Utility: Used for staking (Proof-of-Stake), validator incentives, governance, and gas fees, though USDC is prioritized for gas.

Performance: <1s block times, 1000+ transactions per second (TPS).

Token Metrics: Total supply of 10B XPL, with 1.8B in circulation.

Market Position: As of Oct 2025, XPL ranked #63, reached an all-time high of $1.68 on Sept 28, 2025.