#plasma $XPL Plasma is a purpose-built Layer-1 blockchain focused on stablecoin payments and fast, low-cost transfers. Its native token XPL is used for transaction fees (except zero-fee stablecoin sends), staking, securing the network, and governance. Plasma is EVM-compatible, anchored to Bitcoin for security and supports major DeFi integrations. It launched mainnet in 2025 with strong liquidity and exchange listings but has seen volatility and debate over activity levels.