Plasma launches with $2.5B liquidity and strong market entry
Plasma (XPL) started trading on September 25 with a 70% jump and $2.5 billion in liquidity, as demand for fee-free stablecoin transfers soared.Major exchanges including Binance, ByBit, OKX, MEXC, Upbit, Bitget, and others opened trading for the token of the Plasma blockchain network.
Instead of competing directly with universal layer-1 blockchains, Plasma (XPL) positions itself as infrastructure focused on USDT transactions, promising zero-fee stablecoin transfers.
According to CoinMarketCap, “Plasma’s hybrid architecture combines Bitcoin-like security principles with EVM programmability and a custom gas mechanism inspired by EIP-1559. In other words, Plasma aims to build an on-chain settlement platform where stablecoins move freely, beyond speculative trading.”
The network’s statement attracted strong attention, as efficient and inexpensive gateways between traditional and digital finance are in high demand but remain underdeveloped. As a result, the project secured over $20 million from early investors including Framework Ventures, Founders Fund, Bitfinex, as well as Cobie and Manifold Trading.
Well-structured tokenomics
The project’s tokenomics includes a total supply of 10 billion tokens, with 1.8 billion currently in circulation. Potential allocations cover 10% for public sale, 40% for ecosystem growth, and 25% each for the team and investors. Commentators highlight its controlled inflation model, gradually decreasing from 5% to 3% annually, along with long-term liquidity distribution through vesting schedules.
Plasma price dynamics since the start of trading on September 25. Source: CoinMarketCap
This strong foundation enabled Plasma to debut with a nearly 70% surge and trading volume surpassing $2.5 billion in less than 24 hours, placing the crypto startup at 44th in market capitalization rankings.
Now, the future of XPL depends on how users embrace Plasma’s convenient and low-cost payments, which will determine both its market standing and token price.
As we wrote, TAO price falls 6% as Bittensor faces rising competition
Latest Bybit News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
