Plasma is built like a payments engine, not a general purpose chain. EVM compatible for builders, but tuned for stablecoin flow with sub second blocks showing around 1.00s on the explorer and a massive transaction count already.
The big unlock is the UX: gasless USDT transfers and stablecoin first gas so normal users do not need to hold a separate token just to move dollars. That is the whole game, remove friction, scale volume, keep costs predictable.
Token story stays straightforward: docs put genesis supply at 10B $XPL , with non US public sale tokens unlocked at mainnet beta, while US public sale tokens follow a 12 month lockup ending July 28, 2026.
What is new right now is visible on chain: Plasmascan charts show 24h activity like new addresses around 4,041 and 24h transactions around 316,836.
Next checkpoint is supply timing: Tokenomist lists the next unlock on February 25, 2026, tied to Ecosystem and Growth, and marks the page last updated on Feb 7, 2026.
My takeaway: if Plasma keeps the stablecoin UX clean and keeps throughput steady, it becomes the chain people use without thinking, because sending USDT feels instant and simple, and that is how real payment rails win.
