#plasma $XPL Plasma XPL Coin (or simply XPL) is the native token of the Plasma blockchain, a high-performance Layer 1 network specifically designed for global stablecoin payments, especially USDT (Tether).
Plasma was built to solve real-world issues like high fees and slow speeds on other chains for everyday stablecoin transactions. It positions itself as the "essential rails" for stablecoins (as mentioned by Tether's CEO Paolo Ardoino), focusing on fast, cheap (or even free) transfers.
Key Features of Plasma
Zero-fee USDT transfers — Send USDT with no gas fees (covered by the protocol/paymaster system).
High speed: Over 1,000 TPS (transactions per second) and block times around 1 second.
Full EVM compatibility — Developers can deploy Ethereum smart contracts without changes.
Support for custom gas tokens — Pay fees with other tokens besides XPL.
Institutional-grade security and focus on global payments, remittances, micropayments, and mass stablecoin adoption.
Confidential payments and deep liquidity (over $1B in USDT liquidity at launch).
Official website: https://www.plasma.to/
Blockchain explorer: plasmascan.to (or similar tools)
What is XPL Used For?
XPL isn't just another token — it has real utility in the network:
Paying gas fees for non-USDT transactions or complex smart contracts.
Staking to secure the network (Proof-of-Stake).
Rewards for validators who maintain the blockchain.
Governance and ecosystem incentives.
Tokenomics Overview (from official docs):
Initial total supply: 10,000,000,000 XPL
Allocations:
40% Ecosystem & Growth
25% Investors
25% Team
10% Public Sale (with vesting/unlock schedules)
Circulating supply varies over time due to unlocks (recent data shows around 1.8B–2.2B circulating, depending on source).
Current Price & Market Data (as of February 7, 2026)
Live price: Approximately $0.082 – $0.084 USD (slight fluctuations; up ~6% in the last 24h in some trackers, but overall down significantly in the past week).
24h trading volume: $90M – $150M+ (very active).
Market cap: Around $148M – $178M USD (ranking roughly #150–200 on major trackers like CoinMarketCap/CoinGecko).
All-time high (ATH): ~$1.68–$1.69 (reached around September 2025 during launch hype).
All-time low (ATL): Recently hit around $0.072–$0.074 (early February 2026).
Price has dropped ~95% from ATH due to broader market correction, post-hype sell-off, and volatility.
Why is Plasma Interesting?
In a world where stablecoins already handle trillions in volume annually, Plasma aims to be the dedicated "highway" for stablecoin payments — fast, near-zero cost (especially for USDT), scalable, and permissionless. It's ideal for:
Cross-border remittances
Merchant payments
DeFi apps heavy on stablecoins
Onboarding new users without high fees