Rewards

Merkl

Cobie

Framework Ventures

Paolo Ardoino

6MV (6th Man Ventures)

Founders Fund

Manifold Trading

Bybit

Bitfinex

Zaheer

DRW Venture Capital

Flow Traders

IMC Financial Markets

Laser Digital

Guy Young

Peter Thiel

Anthos Capital

Karatage

Christian Angermayer

Plasma

Quest

Galxe

What is Plasma (XPL)?

Mainnet Launch Details

Trading Debut — Market Reactions and Volumes

Plasma token market cap (pre-market) graph

plasma-xpl-mainnet-launch-1.webp

Tokenomics and Supply Metrics

plasma-xpl-mainnet-launch-2.webp

plasma-xpl-mainnet-launch-3.webp

plasma-xpl-mainnet-launch-4.webp

Ecosystem Positioning

plasma-xpl-mainnet-launch-5.webp

plasma-xpl-mainnet-launch-6.webp

plasma-xpl-mainnet-launch-7.webp

Risks and Challenges

Outlook

Plasma (Pre-Market)

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plasma-xpl-mainnet-launch-logo.webp

Plasma (XPL) went live on Sept 25, 2025, with $2B in liquidity, zero-fee USDT transfers, and a 14.6x ICO-to-market surge. Backed by Tether and Founders Fund, the chain targets stablecoin payments at scale.

Plasma $XPL Mainnet Launch

Plasma is a high-throughput execution environment for Bitcoin that enables 1,000 transactions per second while inheriting Bitcoin's security. With Plasma, developers can build on Bitcoin without limits. 

LilMoonLambo

0xFinish

0xSun

knower

Matthew Graham

Ignas | DeFi

nathanhead.solana

HC Xie | We are hiring!

Founder of Aave.com and Venture Partner of Variant.fund

Stani Kulechov

WisdomMatic

Palmer

DCF GOD

Redphone Crypto

dragos

top tick crypto

0xMaki

olaf

zeneca

SpiderCrypto

notEezzy

DFarmer

smolting (wassie, verse)

Luca Netz

Galois Capital is a crypto-focused hedge fund known for quantitative strategies and insights into blockchain markets and decentralized finance trends.

Galois Capital

Jenn

Hsaka

Evanss6

DeFiTracer

Santiago R Santos

Udi | BIP-420

Beanie

zacxbt

CMS Holdings

notsofast

Charles Curran

Andrew Kang

Partner at Andreessen Horowitz (a16z) crypto

Ali Yahya

DeeZe

Darren Lau

Sale Link

Airdrop

Binance

Public Sale

Team

Investors

Ecosystem & Growth

IDO on Impossible Finance

Impossible Finance

Sale Details

ECHO

United States of America

Founders Fund is a venture capital firm based in San Francisco, specializing in investments in science and technology companies.

Strategic Round

Investing in the crypto-powered Web3 and creator economy ecosystems

Virgin Islands (British)

Bybit is a global cryptocurrency derivatives exchange designed for all retail traders, professionals and investment institutions alike.

Cobie, a well-known pseudonymous figure, has made a significant impact both on crypto Twitter and within the broader cryptocurrency industry. Beyond his online presence, he's also recognized as the founder of Echo.

DRW Venture Capital, an arm of principal trading firm DRW, invests primarily in financial and enterprise technology. Many of our portfolio companies benefit from our engagement beyond capital: as a client, as a liquidity provider, through our review of new products, and through our deep industry expertise.

As a firm with no outside investors, wehave a flexible mandate to deploy capital and often tap into our core business to help companies grow. We’re powered by the people, technology and ideas of DRW, and those we invest in may leverage it all. DRW has diversified business expertise and deep networks in trading and technology, real estate investment, cryptocurrencies and product development — a unique advantage.

Laser Digital is a crypto business redefining the frontier of digital finance for institutional investors.

Framework Ventures is a cutting-edge venture capital firm deeply immersed in the world of decentralized finance (DeFi) and blockchain technology. Founded by Michael Anderson and Vance Spencer, Framework Ventures stands out as a key player in the rapidly evolving landscape of digital assets and blockchain-based financial innovations.

Taiwan

Bitfinex is the world's leading digital asset trading platform.

Italy

Paolo Ardoino is the CEO of Tether & CTO of Bitfinex

Funding Round

Manifold Trading is a early-stage web3 fund that takes a data-driven, systematic approach to making high-conviction investments.

Public Sale (IDO)

Tokenomics

Discord

X (Twitter)

DeXe

Onyxcoin

Sonic Labs (prev. Fantom)

Meltem Demirors

Chimp

Research Director & Founding Team at TheBlock

Steven

HDF humble defi farmer

icebergy

Solana

TRON

Hyperliquid

Cardano

Mantle

ether.fi

Gnosis

TRIA

Trillions

TelosC USDT0 Euler Vault

Virtuals Protocol

Morpho

Bitcoin

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Plasma XPL

Market Cap

FDV

Performance vs.

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Latest XPL Research

Plasma $XPL Mainnet Launch

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