#plasma $XPL Here’s a detailed overview of the XPL token (the native token of the Plasma blockchain), including its purpose, tokenomics, uses, and market data:
📌 What Is XPL?
XPL is the native cryptocurrency of the Plasma blockchain, a Layer-1 network optimized for stablecoin transactions and global digital money use. It supports a high-throughput, EVM-compatible system designed for fast, low-cost payments—especially with stablecoins like USDT. �
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🔑 Key Functions of XPL
🥇 Network Utility
Gas/Transaction Fees: Used to pay fees for transactions and smart contract execution on the Plasma chain. �
CoinDesk
Staking & Security: XPL is staked by validators in the Proof-of-Stake (PoS) consensus mechanism to help secure the network. �
CryptoNews
Validator Rewards: Validators and delegators earn XPL rewards for securing and validating blocks. �
CryptoNews
Incentives & Growth: Used to reward ecosystem builders, liquidity providers, and partners. �
Yahoo Finance
It’s similar to how ETH functions on Ethereum or SOL on Solana—a fundamental economic and security token of the chain. �
Cryptohopper
📊 Tokenomics & Distribution
Total Supply: 10 billion XPL tokens. �
CoinDesk
Circulating at Launch: ~1.8 billion (about 18%). �
Yahoo Finance
Allocation Breakdown:
~40% (4 billion) for ecosystem growth (with 8% unlocked at launch, and the rest gradually released). �
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~25% (2.5 billion) to founders, team & employees (vested after a one-year cliff). �
CoinDesk
~25% (2.5 billion) to early backers/strategic partners (similar vesting). �
CoinDesk
The rest includes public sale and other community allocations. �
MEXC
Inflation/Rewards: Initially ~5% annual inflation (validator rewards), tapering toward ~3%. �
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Public sale tokens were allocated to real participants with KYC requirements and varying unlock schedules depending on jurisdiction. �
MEXC
📈 Market & Exchange Info
Listing & Launch: XPL debuted on major exchanges like Binance and OKX in September 2025. �
Yahoo Finance
Initial Price & Market Cap: Early trading saw prices near $1.50+ and a market cap over $2.4 billion at launch. �
CoinDesk
Current Market Data (approximate):
Price: ~$0.14 USD per XPL
Circulating Supply: ~1.8 billion XPL
Market Cap: ~$255 million
Total Supply: 10 billion XPL �
CoinMarketCap
(Prices and market cap change constantly — always check a live tracker like CoinMarketCap or CoinGecko before trading.)
🚀 Unique Features of Plasma + XPL
Stablecoin-First Blockchain: Plasma enables gasless transfers of certain stablecoins (like USDT) for simple transactions—helping reduce user friction. �
CoinDesk
EVM Compatibility: Developers familiar with Ethereum tooling can build on Plasma easily. �
CoinDesk
High Throughput: Designed for high-volume payments and DeFi activity. �
CryptoNews
Plasma One: A stablecoin-native neobank service tied into the ecosystem. �
CoinDesk
⚠️ Risks & Considerations
Volatility: Like all crypto, XPL’s price fluctuates significantly. �
CoinMarketCap
Market Adoption: Its success depends on adoption of the Plasma network for payments and DeFi.
Lockups & Vesting: Large allocations to teams/backers are time-locked but still warrant careful review before investing. �
CoinDesk
If you’d like, I can also provide real-time price charts or a comparison with similar blockchain tokens—just let me know!
