Plasma (XPL): Price and Market Data

This overview covers the project's tokenomics, token unlock schedule, investors, exchange availability, historical reward campaigns, and staking mechanics.

What is Plasma (XPL)?

Plasma is an application-specific Layer-1 blockchain built precisely for stablecoin settlements. The network's standout feature is a built-in Paymaster system that allows for zero-fee USDT transfers. You won't need to hold the native volatile asset just to pay gas for simple stablecoin sends on-chain. Under the hood, the protocol uses a custom PlasmaBFT consensus algorithm to achieve sub-second finality and handle over 1,000 transactions per second.

What are the tokenomics?

The initial supply was minted at exactly 10 billion tokens, though the maximum supply is theoretically infinite to sustain validator emissions. The breakdown heavily favors ecosystem growth. Specifically, 40.00% is dedicated to Ecosystem & Growth, 25.00% to Investors, and 25.00% to the Core Team. The remaining supply was distributed via a 10.00% Public Sale and a strictly allocated 1.00% Airdrop tranche.

What is the token unlock schedule?

The vesting schedule includes a massive cliff for early participants. Following this event, both the Core Team and Investors receive a simultaneous unlock of exactly 832.50 million XPL each. Aside from this major event, the Ecosystem & Growth fund steadily releases about 88.89 million XPL every single month to subsidize ongoing network operations and development grants.

Who are the investors?

The project successfully raised a total of $74.00 million across multiple rounds. Private funding included a $3.50 million round led by Bitfinex and a $20.50 million round led by Framework Ventures, with participation from Founders Fund and notable angels like Cobie and Paolo Ardoino. Following this, their July 2025 public ICO secured an additional $50.00 million, selling 1 billion tokens at an exact price of $0.05 each.

Where can you trade the native token?

It's available right now across a massive roster of tier-1 and tier-2 centralized exchanges. Spot pairs are live on Binance, WhiteBIT, BitMart, Bybit, and OKX. Standard USD and USDT pairs are also actively trading on Kraken, KuCoin, and Bitget. If you're looking for regional fiat liquidity, it's worth noting that both Upbit and Bithumb support direct KRW pairings.

Did the protocol run any active reward campaigns?

Yes, they have a strong history of incentivizing on-chain activity. They previously executed a 100-million token retrospective airdrop distributed via Binance. The protocol also implemented a rewards program powered by Merkl that ran through March 2026. Users were able to earn yield by bridging assets to Plasma using supported protocols like Jumper or Stargate and tracking accumulated rewards on a dedicated dashboard.

Can you stake your holdings?

Absolutely, though protocol rules strictly dictate that only fully circulating, unlocked XPL can participate in consensus. Validators lock up their holdings to secure the chain and earn yield. The network uses an innovative "soft slashing" model: if a node acts maliciously or goes offline, they forfeit their accrued rewards, but their principal staked capital won't be burned.