Amid the Stable token surge, the data revealed $XPL maintains higher native stablecoin market capitalization than its competitors.
It means that Plasma has liquidity advantage but its growth is somewhat stagnant since Q4 2025.
Competitive pressure from mainnet upgrade could challenge Plasma’s stablecoin niche if innovation lags. However, long-term outlook still look positive.
XPL
0.0769
-18.36%