Plasma (XPL) is the native utility and governance token for the Plasma blockchain, a specialized Layer 1 network engineered specifically for high-speed, low-cost stablecoin transactions. Designed to be the foundational infrastructure for digital money, Plasma aims to bridge traditional finance and the crypto world by offering a robust environment for global payments and decentralized finance (DeFi). The token's current price is approximately $0.14 USD, with an all-time high of $1.68 USD reached in September 2025.
XPL Tokenomics & Utility
The XPL token is central to the Plasma ecosystem, securing the network and enabling core functions.
Network Security & Staking: Validators stake XPL to participate in the network's Proof-of-Stake (PoS) consensus mechanism (PlasmaBFT) and validate transactions, earning XPL rewards in return.
Transaction Fees: While basic USDT transfers are zero-fee through a special paymaster system, other, more complex transactions require XPL for gas fees.
