#plasma $XPL
Plasma (XPL) is a cryptocurrency that's currently trading at $0.1435, with a 24-hour trading volume of $118.76 million and a market cap of $258.25 million. It's a layer 1 blockchain focused on building stablecoin infrastructure for global financial systems, offering zero-fee USD transfers and custom gas tokens ¹ ².
The coin has seen a 3.19% increase in the last 24 hours but is still down 91% from its all-time high of $1.69 in September 2025. Experts have a bearish sentiment towards XPL, with some predicting potential short-term bounce opportunities, but others warning of continued weakness ³ ¹.
Plasma's native token, XPL, is currently trading at around $0.143, with a 24-hour trading volume of $63.48 million. The token has seen a decline of 1.64% in the last 24 hours. XPL is the gas token, staking asset, and reward token for the Plasma blockchain, which focuses on stablecoin payments and settlements ¹ ² ³.
*Key Features of Plasma (XPL):*
- _Purpose-built for stablecoin transactions_: Plasma aims to provide a scalable, low-fee, and compliant infrastructure for stablecoin payments.
- _Dual gas fee mechanism_: Users can pay transaction fees in either XPL or USDT.
- _High-performance Layer 1 blockchain_: Plasma achieves thousands of transactions per second while maintaining EVM compatibility ⁴ ² ³.
*Market Performance:*
- Market cap: $257.41 million
- Circulating supply: 1.8 billion XPL
- Total supply: 10 billion XPL
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