@Plasma
๐ What is the XPL token?
The XPL is the native token of Plasma, a Layer-1 blockchain primarily designed to facilitate global stablecoin transactions, focusing on efficiency, speed, and low costs. CryptoNews
Plasma aims to become a decentralized financial infrastructure optimized for digital money, integrating features such as Ethereum (EVM) compatibility, custom gas, and support for large volumes of stablecoins like USDT. CryptoNews
๐ Key features of the XPL token
๐ช 1. Native token and fundamental utility
XPL functions as:
๐น Gas for transactions and execution of smart contracts โ similar to ETH on Ethereum.
๐น Reward for validators that secure consensus.
๐น Staking asset to lock tokens and participate in the network's security. CoinDesk+1
That is, XPL is central to the economy and operation of Plasma. Cryptohopper
๐ Tokenomics โ Economy of XPL
๐ Total supply: 10,000,000,000 XPL (10 billion).
๐ Initial circulation: ~1.8 000 000 000 XPL (~18%). CoinDesk+1
Supply distribution:
Category% TotalDescriptionEcosystem and growth40% (4 B)Incentives, liquidity, partnerships โ 8% unlocked at launch and the rest released over ~3 years. CoinDeskFounders / Team25% (2.5 B)Vesting with a 1-year cliff + linear release over 2 years. CoinDeskInvestors25% (2.5 B)Vesting structure similar to the team. xt.comPublic sale10% (1 B)Offer to the community with possible unlocking restrictions. Bitget
Additionally, Plasma implements an initial inflation of ~5% per year that decreases over time (incentives for validators and security). xt.com
๐ Real use case
๐ก Transactions on the network: Plasma allows stablecoin transfers with zero fees for simple transfers, using a โpaymasterโ system to cover gas when applicable. Cryptohopper
๐ก Staking and security: XPL staking will allow holders to delegate and earn rewards when fully activated, contributing to the network's security. Bitget
๐ก Development of dApps: Being EVM compatible, Plasma facilitates developers to deploy contracts and decentralized applications. CryptoNews
๐ Launch, price, and initial movements
โณ๏ธ Plasma launched its mainnet and token XPL in September 2025, with listing on major exchanges like Binance and OKX. Initially, XPL reached a trading price of around $1.54, bringing its market capitalization to several billion dollars. CoinDesk
๐ป However, interest and on-chain activity were not as robust as the market expected. By the end of October 2025, XPL lost more than 80% of its value from its highs, due to low demand, reduced actual use of the network, and declining sentiment #plasma $XPL