Plasma
XPL Rank #124Price chart
What is Plasma?
Chain architecture
Plasma's mainnet beta launched on September 25, 2025. Its execution layer uses the Rust-based Reth Ethereum client. Solidity contracts can operate within its EVM-compatible environment. PlasmaBFT is based on a pipelined Fast HotStuff design. The network supports payment applications and stablecoin liquidity services. Supported basic USDT transfers can receive fee sponsorship, while ordinary contract execution still incurs network charges.
Distribution
XPL's initial allocation was ten billion tokens. The public sale received 10%, and ecosystem growth received 40%. Team members and investors were assigned 25% each. Vesting schedules release those allocations over time. The initial figure is not an immutable lifetime ceiling.
Security budget
The token model assigns XPL a validator-security and transaction role. Base transaction fees are burned under an EIP-1559-style mechanism. The published reward design begins at 5% annual inflation once external validators and stake delegation are activated. That rate is designed to decrease by half a percentage point each year to a 3% baseline. New security emissions and fee destruction would jointly determine the net supply change.
Where to trade XPL
52 exchanges · top 10
Live spot quotes from connected exchanges
XPL funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.