°Not Even a Week Since Release, XPL Token Breaks into Top 50 and Surpasses Arbitrum-ICP

Plasma Token (XPL) has achieved an impressive feat by reaching a market capitalization of US$2.5 billion just four days after its release on Thursday (25/09). This achievement places XPL among the top 50 cryptocurrencies, even outperforming older projects like Arbitrum (ARB) and Internet Computer (ICP).

XPL's success is driven by high enthusiasm from cryptocurrency market participants, particularly due to the strong narrative it offers. XPL is known as a provider of USDT liquidity worth over US$2 billion, offering fee-free USDT transfers, and has integrations with over 100 decentralized finance (DeFi) protocols.

Although still a newcomer, CoinMarketCap data shows that Plasma (XPL) has successfully attracted around 14 thousand holders in a short time, indicating that the roadmap and value proposition of this project are very appealing to investors.

As this article is being written, XPL is experiencing a correction of nearly 12% in the last 24 hours, trading at a level of US$1.4. However, this correction is reasonable considering the rapid increase that has been achieved in a short time.