What is XPL (Plasma)?
XPL is the native cryptocurrency of the Plasma blockchain — a Layer‑1 blockchain designed for fast, low‑fee stablecoin transactions and decentralized apps. It’s sometimes compared to how ETH works on Ethereum or BTC on Bitcoin: it’s the fundamental currency of Plasma’s network. �
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Key uses of XPL:
🔥 Network fees (gas): Pays for transactions and smart contract activity. �
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🔐 Staking & Security: Validators stake XPL to help secure the network and earn rewards. �
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💰 Rewards & incentives: Used for validator rewards and ecosystem participation. �
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XPL
0.1041
+1.46%