The current live price for one Plasma (XPL) coin is approximately $0.144 as of January 17, 2026, with a market capitalization of around $260 million. The token's price has been volatile, reaching an all-time high of $1.68 in September 2025.
Key Insights
Stablecoin Focus: Plasma is purpose-built to facilitate fast, low-cost stablecoin transactions, especially for remittances and merchant payments, by using a custom consensus mechanism called PlasmaBFT.
Zero-Fee Transfers: The network features a "paymaster" system that covers gas costs for basic USD₮ transfers, removing a key barrier for mainstream adoption.
Utility & Governance: While basic stablecoin transfers are free, the XPL token is required for more complex smart contract interactions, staking to secure the network, and participating in on-chain governance.
Bitcoin Integration: Plasma is developing a trust- minimized bridge to integrate native Bitcoin (BTC) into its EVM environment, allowing BTC to be used within smart contracts.
