Live · updated 7 minutes ago
Plasma Price chart
Key stats
Performance
How the price moved over each period.
Supply
4.76B XPL circulate. No maximum supply is set.
- Circulating
- 4.76B
- Total supply
- 10.00B
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 19.51% of market cap. Trades easily.
$299.18M market cap, rank #147. Bigger is harder to push around.
48% of the total supply circulates. Big unlocks could dilute holders.
96.3% below its all-time high of $1.68.
Largest recent swing: 12.10% a day. Volatile.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Plasma (XPL)?
Plasma is a Layer 1 blockchain built for stablecoin payments. Its network went live in mainnet beta on 25 September 2025 together with its native token, XPL. The chain is compatible with Ethereum tools and uses its own consensus method, PlasmaBFT. Plasma's chief executive is Paul Faecks. The company also offers Plasma One, a stablecoin account for spending, saving and earning, and states that it is a financial technology company, not a regulated financial institution.
What XPL is used for
The main feature of the chain is zero-fee USDT transfers. In practice that works as follows:
- Simple USDT transfers: the protocol covers the fee, so users can send USDT without paying gas. This applies to basic transfers, not to every smart contract call, and third-party fees may still apply.
- Other transactions: smart contract activity needs gas, and XPL is the network's native asset used for it.
- Security: XPL is the staking asset for the proof-of-stake network that validators use to secure the chain.
At launch the network drew partners including Aave, Ethena, Fluid and Euler, and its public sale of $50 million was oversubscribed.
XPL supply and token design
The total supply is 10 billion XPL. No fixed maximum is reported, since the network plans validator rewards once staking is live, which can add new tokens over time. Allocations to the public sale, ecosystem, team and investors follow a vesting schedule, so supply enters the market in stages. Live circulating supply is shown in the market data on this page.
The chain has its own block explorer, plasmascan, for checking addresses and transactions.
Because the chain is Ethereum-compatible, developers can reuse existing smart contracts and wallets. Launch partners were lending and yield protocols, which is why early activity on Plasma centred on stablecoin deposits, borrowing and payments rather than on general-purpose applications such as games or collectibles.
Official information is on plasma.org.
What to check before using XPL
- The chain's value depends heavily on USDT. Any issue with Tether or its regulation would affect the network.
- Fee-free transfers were described as part of the initial rollout, so terms and limits may change.
- Vesting unlocks for team and investors can add selling pressure at scheduled dates.
- Bridged assets and applications on a new chain carry smart-contract and bridge risk.
- Stablecoin balances in Plasma One are not bank deposits and are not covered by deposit protection schemes.
Plasma project profile
- Open source
- No
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Plasma market analysis
With a market capitalisation of $299.18 million, Plasma (XPL) is classed as a small-cap asset and ranks #147 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 89.0% of them. It accounts for roughly 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $58.36 million of XPL changed hands, equal to 19.51% of its market cap, which puts its trading volume ahead of about 96.0% of tracked assets. That is an active level of turnover for an asset of this size. Its turnover ratio is higher than that of about 81% of tracked assets.
Price action: XPL moved −12.10% in 24 hours and −11.65% over 7 days. It underperformed Bitcoin by 9.92 percentage points over 24 hours and by 7.79 points over 7 days. Against the median tracked coin (behind by 9.86 points on the day and behind by 5.44 points on the week), it has been a relative laggard in recent sessions.
To overtake First Digital USD (FDUSD) just above it, Plasma would need to grow its market cap by about 0.0%; it is 3.1% larger than Olympus V2 (OHMV2) just below. Its market cap is 0.02% of Bitcoin's.
Based on market data; not investment advice.
Plasma FAQ
What is Plasma (XPL)?
Plasma is a Layer 1 blockchain built for stablecoin payments. XPL is its native token, launched with the mainnet beta on 25 September 2025.
What is XPL used for?
XPL is the native asset for gas on smart contract activity and for staking by validators. Simple USDT transfers on Plasma are fee-free.
When did Plasma launch?
Plasma launched its mainnet beta and XPL token on 25 September 2025.
How many XPL tokens are there?
The total supply is 10 billion XPL, released in stages through vesting. Validator rewards may add tokens once staking is live.
Price history
| Date | Close | Change |
|---|---|---|
| 2026-11-03 | $0.0629 | 5.72% |
| 2026-11-02 | $0.0667 | 6.38% |
| 2026-11-01 | $0.0712 | 12.47% |
| 2026-10-31 | $0.0813 | 0.00% |
| 2026-10-30 | $0.0813 | 12.21% |
| 2026-10-29 | $0.0725 | 5.64% |
| 2026-10-28 | $0.0768 | 4.15% |
| 2026-10-27 | $0.0738 | 1.08% |
| 2026-10-26 | $0.0730 | 1.08% |
| 2026-10-25 | $0.0738 | 0.82% |
| 2026-10-24 | $0.0744 | 2.14% |
| 2026-10-23 | $0.0760 | 0.57% |
| 2026-10-22 | $0.0756 | 7.92% |
| 2026-10-21 | $0.0821 | 4.84% |
| 2026-10-20 | $0.0783 | 2.42% |
| 2026-10-19 | $0.0764 | 0.47% |
| 2026-10-18 | $0.0768 | 2.49% |
| 2026-10-17 | $0.0788 | 4.96% |
| 2026-10-16 | $0.0829 | 3.40% |
| 2026-10-15 | $0.0858 | 6.76% |
| 2026-10-14 | $0.0804 | 2.88% |
| 2026-10-13 | $0.0827 | 2.64% |
| 2026-10-12 | $0.0806 | 8.90% |
| 2026-10-11 | $0.0885 | 1.26% |
| 2026-10-10 | $0.0874 | 3.19% |
| 2026-10-09 | $0.0847 | 1.07% |
| 2026-10-08 | $0.0838 | 4.39% |
| 2026-10-07 | $0.0876 | 2.45% |
| 2026-10-06 | $0.0898 | 5.25% |
| 2026-10-05 | $0.0948 | 1.53% |
| 2026-10-04 | $0.0963 | 0.65% |
| 2026-10-03 | $0.0957 | 2.47% |
| 2026-10-02 | $0.0934 | 2.94% |
| 2026-10-01 | $0.0962 | 1.27% |
| 2026-09-30 | $0.0950 | 0.86% |
| 2026-09-29 | $0.0958 | 2.59% |
| 2026-09-28 | $0.0984 | 7.39% |
| 2026-09-27 | $0.1062 | 4.78% |
| 2026-09-26 | $0.1115 | 2.74% |
| 2026-09-25 | $0.1147 | 3.46% |
| 2026-09-24 | $0.1108 | 23.16% |
| 2026-09-23 | $0.0900 | 6.62% |
| 2026-09-22 | $0.0964 | 1.67% |
| 2026-09-21 | $0.0980 | 9.82% |
| 2026-09-20 | $0.0893 | 3.20% |
| 2026-09-19 | $0.0922 | 1.75% |
| 2026-09-18 | $0.0938 | 7.38% |
| 2026-09-17 | $0.0874 | 7.84% |
| 2026-09-16 | $0.0810 | 1.10% |
| 2026-09-15 | $0.0819 | 2.38% |
| 2026-09-14 | $0.0839 | 7.86% |
| 2026-09-13 | $0.0778 | 2.81% |
| 2026-09-12 | $0.0801 | 2.91% |
| 2026-09-11 | $0.0825 | 1.95% |
| 2026-09-10 | $0.0841 | 5.72% |
| 2026-09-09 | $0.0892 | 9.29% |
| 2026-09-08 | $0.0984 | 5.81% |
| 2026-09-07 | $0.0930 | 3.75% |
| 2026-09-06 | $0.0896 | 3.75% |
| 2026-09-05 | $0.0931 | 0.10% |