Plasma (XPL) launched at 0.85 USD on Binance
XPL, the core token of Plasma, was listed on Binance at 20:00 on September 25 with trading pairs XPL/USDT, XPL/USDC, XPL/BNB, and XPL/FDUSD. The starting price of the token was 0.1 USD, later peaking at 0.85 USD.
Currently, XPL is trading around 0.73 USD, equivalent to a 633% increase. According to Coinmarketcap data, the 24-hour trading volume of the token is 219.69 million USD and the market capitalization is 1.36 billion USD, reflecting strong interest from the community.
Plasma is an EVM-compatible layer 1 blockchain designed specifically for stablecoin financial applications, focusing on fee-free USDT transfers and DeFi activities.
With the ability to handle over 1,000 transactions per second (TPS) on the mainnet, expected to scale up to 10,000+ TPS, Plasma delivers speed and efficiency comparable to Web2, combined with the decentralization of Web3.
The network integrates the XPL token for:
Transaction fee payments: Except for fee-free USDT transfers, XPL is used for activities such as executing smart contracts and DeFi., Staking validator: Validators stake XPL to run nodes, earning rewards from transaction fees., Network governance: XPL holders participate in voting for upgrades and policies.,
