Recent Major Developments
🧠 1. Mainnet Beta Live & XPL Token Active
Plasma successfully launched its mainnet beta on September 25, 2025, and the XPL token is now live on major exchanges with strong ecosystem support. It debuted with substantial liquidity and DeFi integration. �
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🌍 2. Stablecoin & Payments Expansion
Plasma has been expanding globally, securing licenses and partnerships in Europe (notably a VASP license in Italy) to support stablecoin payment use cases across the region. �
CoinDesk
💸 3. Huge DeFi Activity at Launch
The network saw billions in stablecoin deposits shortly after launch, making it one of the largest DeFi ecosystems in terms of initial TVL (total value locked). �
DL News
📈 Market & Token Trends
📉 Price Volatility
After initial highs, XPL’s price has been under pressure, with notable corrections after early pumps. Sources report periods of steep declines from peak levels. �
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📊 Trading Activity
Despite price pressure at times, XPL remains actively traded, and there’s growing interest from traders anticipating potential recoveries. �
CoinSpot