Plasma (XPL) is the native utility token of the Plasma blockchain, a new Layer-1 blockchain specifically built to optimize stablecoin payments and transfers at global scale. Unlike general-purpose networks like Ethereum or Solana, Plasma focuses on making stablecoin transactions fast, cheap (fee-free in many cases), and highly scalable — a feature aimed at real-world payments, remittances, and decentralized finance (DeFi) applications.
Plasma operates as a Bitcoin sidechain that is fully compatible with the Ethereum Virtual Machine (EVM). This means developers can
