@Plasma #plasma $XPL Utility token: XPL is used to pay transaction fees and gas on the Plasma network. �
Cryptohopper
Network security: It powers the network’s Proof of Stake consensus — validators stake XPL to secure the chain and earn rewards. �
Bitget
Validator incentives: Stakers and validators receive rewards in XPL for participating in consensus. �
Bitget
EVM compatibility: Plasma supports Ethereum-compatible smart contracts and tools while offering zero-fee stablecoin transfers. �
Phemex
This makes XPL foundational to Plasma’s ecosystem, similar to how native tokens operate on other major blockchains. �
Phemex
📊 Tokenomics
Total supply: 10 billion XPL. �
Bitget
Circulating supply: ~1.8 billion XPL. �
CoinMarketCap
Distribution includes allocations for ecosystem growth, team, investors, and public sale with vesting schedules to support long-term development. �
Bitget
💹 Price & Market Info (Example)
On CoinGecko, 1 XPL is trading around ₨30 PKR ($0.10 USD) (prices change constantly). �
CoinGecko
It has seen high volatility — debuting above $1.50 after launch and later experiencing sharp declines as market interest fluctuated. �
CoinDesk
📉 Recent Performance & Sentiment
Since its launch in late 2025, XPL initially debuted with strong hype and big exchange listings, but prices have volatilized significantly with lower network activity than expected and slower ecosystem growth. �
CoinDesk
This kind of price action isn’t unusual for newly issued tokens, especially ones tied to emerging blockchains without established user bases yet.