Plasma (XPL) crypto just dropped and pulled off one of the wildest airdrops yet. They gave out 9,304 XPL (worth $10K) to literally anyone who put something into the presale, even if it was just a dollar. That had people screaming bull market is back, while others joked the real move was dropping a cent into 100 wallets for a free million.
Plasma kicked off with a $10B fully diluted value (FDV) and is being called the first liquid way to get exposure to Tether’s business. The only real comparison right now is Circle, which IPO’d this June at a $6B market cap. The big question: can Plasma run up to those kinds of numbers?
Plasma Chain Explained: Changing How Money Moves
Plasma is a Layer-1 chain built specifically for global stablecoin payments, designed to push near-instant, fee-free USD₮ transfers. It is fully EVM-compatible thanks to its Reth-based execution client, meaning Ethereum smart contracts and tools can run on it with zero changes.
The project has already pulled in over $75M across multiple rounds, backed by heavyweights like Framework Ventures, Bitfinex, Bybit, and even Peter Thiel. Tokenomics are split with 25% going to investors, 40% to the ecosystem, 25% to the team,and 10% for the public sale.
