$XPL is the native utility, governance, and staking token of the Plasma Layer-1 blockchain — a high-throughput, stablecoin-optimized network designed for ultra-fast, low-cost USD₮ transfers with full EVM compatibility and Bitcoin-anchored security. XPL powers transaction fees, secures the network via Proof-of-Stake, and rewards validators, while also funding ecosystem incentives and governance. Its total supply is 10 billion tokens, with allocations across public sale, ecosystem growth, team, and investors, and an inflation schedule that starts around 5% and tapers over time with fees partially burned