#Plasma $XPL The XPL token is the backbone of the Plasma ecosystem. It is used for transaction fees, network participation, and incentives that encourage validators and users to support the system.
XPL also plays a role in governance, allowing holders to participate in decision-making related to protocol upgrades and ecosystem development. This creates a community-driven environment rather than a centralized structure.
For traders and investors, XPL’s value is closely tied to ecosystem growth, adoption, and overall market sentiment. Increased usage of @Plasma -based solutions can directly impact token demand.