XPL is the native digital asset of the Plasma blockchain, a Layer-1 network built to support fast, efficient, and low-cost transactions, especially for stablecoins and DeFi use cases. The token is mainly used to cover network fees, stake to help secure the blockchain, and reward validators who maintain the system. Plasma is designed to allow simple stablecoin transfers with little or no fees, while more advanced smart-contract actions require XPL as gas.
The total supply of XPL is capped at 10 billion tokens, with distributions set aside for ecosystem development, validators, and long-term growth through structured vesting. Since its launch on major exchanges, XPL has attracted strong market attention. However, like all cryptocurrencies, it is subject to market volatility and investment risk.
