#plasma $XPL

The Plasma (XPL) token is the native utility and governance asset of the Plasma network, a Layer 1 blockchain purpose-built for global stablecoin payments and digital finance. As of February 2, 2026, XPL is trading at approximately $0.103 USD (₹8.58 INR) with a market capitalization of $185.9 million.

Current Market Status (February 2, 2026)

Price: ~$0.099 – $0.108 USD.

Circulating Supply: 1.8 billion XPL.

Total Supply: 10 billion XPL.

All-Time High: $1.68 USD (recorded in late 2025).

Exchange Availability: Listed on major platforms including Binance, OKX, Bybit, and Bitget.

Key Ecosystem Developments

Stablecoin Focus: Plasma is optimized for zero-fee USDT transfers using a protocol-level "paymaster" system that sponsors gas costs for simple transactions.

Plasma One Neobank: The ecosystem features a stablecoin-native neobank app that allows users to spend USDT directly via physical and virtual Visa cards across 150+ countries while earning 10%+ yields on-chain.

Technical Architecture: It utilizes the PlasmaBFT consensus mechanism for sub-second finality and is fully EVM-compatible, allowing developers to deploy Ethereum-based apps with minimal changes.

Bitcoin Integration: The network includes a trust-minimized Bitcoin bridge (pBTC) that anchors transaction history to the Bitcoin blockchain for institutional-grade security.