Plasma is a high-throughput, scalable blockchain purpose-built for stablecoins with the ability to handle thousands of transactions per second.
Plasma (XPL) tokens, a layer 1 blockchain focused on fast, gasless stablecoin transfers, offer a chance to get XPL for creating content, posting about Plasma, and interacting with the project. It was a way for Binance users to discover and promote the XPL token's functionality, aiming for mainstream crypto payments.
This token drop reflects sector-wide liquidity constraints, fading post-launch hype, and technical breakdowns.
Plasma (XPL) rose 0.965% over the past 24h, a modest gain amid broader market volatility. The uptick aligns with a 22.53% 30-day rally but contrasts with a -8.88% weekly dip. Key drivers include technical rebounds, speculative social media buzz, and ecosystem integrations.