How is the price of Plasma (XPL) calculated?
The price of Plasma (XPL) is calculated in real-time by aggregating the latest data across 51 exchanges and 66 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.2% | 8.7% | 3.8% | 17.7% | 0.8% | - |
|
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$227,303,264 |
|---|---|
|
Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.24 |
|
Outstanding Token Value
Outstanding Token Value = Current Price x Outstanding Supply
Outstanding Token Value is the theoretical value of a cryptocurrency project using only the tokens that are currently outstanding in the market, rather than the maximum possible supply. It offers a more practical valuation metric by excluding token supplies that are permanently locked, burned, or not planned for circulation (such as treasury reserves, validator stakes, or foundation allocations that won't be released). This provides investors and analysts with a clearer picture of the project's current market valuation based on tokens that are actually accessible to the market. |
$705,292,520 |
|
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$961,054,151 |
|
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$58,542,965 |
|
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
2,375,000,000
https://api.token.plasma.to/v1/supply?q=circulating&format=coingecko
Est. Circulating Supply
2,375,000,000
|
|
Outstanding Supply
The amount of tokens that outstanding in the market, could be circulated and tradable in public, or planned to be circulated or traded anytime soon. Excluding token supplies that are not planned for circulation or usage. Used to better understand the current theoretical maximum valuation of a token.
|
7,374,999,999
Total
10,041,666,666
Ecosystem and Growth
- 2,666,666,667
Est. Outstanding Supply
7,374,999,999
|
|
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
10,041,666,666 |
|
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
∞ |
| 24h Range | $0.08779 – $0.09711 |
|---|---|
| 7d Range | $0.08607 – $0.1018 |
| All-Time High |
$1.68 94.3%
Sep 28, 2025 (6 months)
|
| All-Time Low |
$0.07303 30.9%
Feb 06, 2026 (about 2 months)
|
Plasma is a Layer 1 blockchain purpose-built for global stablecoin payments, featuring zero-fee USDT transfers and EVM compatibility to enable permissionless access to financial services worldwide.
Zero-fee USDT transfers eliminate the need for users to hold native tokens for gas when sending stablecoins.
PlasmaBFT consensus protocol delivers sub-second finality and high throughput optimized for payment-focused applications.
Native Bitcoin bridge enables trust-minimized BTC integration, allowing Bitcoin to be used within smart contracts.
Plasma addresses the inefficiencies of existing blockchain networks in handling stablecoin transactions. Traditional blockchains were designed before stablecoins gained significant traction, resulting in high transaction fees, slow settlement times, and lack of specialized features for digital dollar transfers.
With stablecoins representing over $225 billion in supply and trillions of dollars in monthly transfers, Plasma provides purpose-built infrastructure that eliminates friction in stablecoin payments. The network launched its mainnet beta with $2 billion in liquidity on day one, rapidly scaling to over $5.5 billion in total value locked within its first week, demonstrating strong market demand for dedicated stablecoin infrastructure.
Protocol-Level Paymaster System: Sponsors gas costs for USDT transfers, allowing users to send payments without holding XPL tokens, removing a major barrier to entry for mainstream adoption.
Custom Gas Token Support: Enables transaction fees to be paid in whitelisted assets such as USDT or BTC, simplifying the user experience beyond what general-purpose blockchains offer.
Stablecoin-First Architecture: Unlike general-purpose chains retrofitted for stablecoins, Plasma is engineered from the ground up with consensus and execution layers optimized specifically for high-frequency, global stablecoin transfers.
Trust-Minimized Bitcoin Bridge: Integrates native Bitcoin bridge that periodically anchors state differences on Bitcoin, enabling BTC to flow into the network securely and be used in DeFi applications through pBTC.
High-Performance Infrastructure: The network achieves thousands of transactions per second while maintaining full compatibility with Ethereum, allowing developers to deploy existing smart contracts without any changes.
Transaction Fees: XPL is used to pay for gas fees on the Plasma blockchain for smart contract execution and complex transactions beyond simple USDT transfers.
Network Security: XPL serves as the staking asset that validators lock to secure the network under the Proof of Stake consensus mechanism.
Validator Rewards: Validators earn XPL as compensation for providing infrastructure services, participating in consensus, and signing blocks.
Staking Delegation: Token holders can delegate their XPL to validators to participate in network consensus and earn a share of rewards without running their own infrastructure.
Plasma operates as a Layer 1 blockchain with a dual-layer architecture optimized for stablecoin payments. Plasma uses PlasmaBFT, a consensus mechanism specifically designed for high-speed stablecoin payments. This enables the network to process thousands of transactions per second with rapid finality.
The execution layer is built on Reth, a high-performance Ethereum-compatible client. This provides full EVM compatibility, allowing developers to deploy existing Ethereum smart contracts on Plasma without any code modifications. The execution layer includes performance and usability enhancements while remaining compliant with EVM specifications.
For stablecoin transfers, Plasma implements a protocol-managed paymaster that subsidizes gas costs for USDT transactions. This enables zero-fee transfers for simple sends and receives, eliminating the traditional requirement for users to acquire and hold native tokens before transacting. More complex operations like deploying contracts or interacting with decentralized applications still require XPL as gas to sustain validator incentives and maintain network economics.
The network also integrates a native Bitcoin bridge that allows BTC to be moved onto Plasma in a trust-minimized manner. When Bitcoin is deposited, independent verifiers check the transaction and mint pBTC, a token backed 1:1 by the deposited BTC. This enables Bitcoin holders to access DeFi applications and use BTC within Plasma's smart contract environment.
Validator Rewards and Inflation: Validator rewards begin at 5% annual inflation, decreasing by 0.5% per year until reaching a long-term baseline of 3%. Inflation only activates when external validators and stake delegation go live. The network employs EIP-1559-style fee burning to help offset supply growth as transaction volume increases. Plasma applies reward slashing rather than stake slashing, meaning validators who get penalized lose their rewards but not their staked capital.
Plasma secured funding from high-caliber investors including Founders Fund, Framework Ventures, Bitfinex, and more. The project raised $24 million in multiple funding rounds, with a strategic emphasis on community-aligned distribution through its Echo sale to private investors.
The team brings together diverse expertise from leading technology and financial institutions. Team members have backgrounds in software engineering at Apple and Microsoft, high-frequency trading at Goldman Sachs, distributed systems research at Imperial College London and Los Alamos National Lab, and hands-on experience building major stablecoins and blockchains. Plasma is backed by Tether, positioning it with direct support from one of the largest stablecoin issuers.
XPL tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Plasma is OKX, where the most active trading pair XPL/USDT has a trading volume of $4,425,137.28 in the last 24 hours. Other popular options include Bybit and Gate.
The trading volume of Plasma (XPL) is $58,542,965.28 in the last 24 hours, representing a 55.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.
Plasma (XPL) reached an all-time high of $1.68 and an all-time low of $0.07303. It’s now trading -94.30% below that peak and 30.90% above its lowest price.
Market capitalization of Plasma (XPL) is $227,303,264 and is ranked #154 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XPL tokens (2.4 Billion tokens are tradable on the market today).
The fully diluted valuation (FDV) of Plasma (XPL) is $961,054,151. This is a statistical representation of the maximum market cap, assuming total number of 10 Billion ETH tokens are in circulation today.
With a price decline of -3.80% in the last 7 days, Plasma (XPL) is underperforming the global cryptocurrency market which is down -3.30%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -2.70%.
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
|
$0.09567214 | 0.01% | $281,746 | $405,137 | $4,425,137 | 7.56% |
Recently
|
||
| 2 |
CEX
|
$0.095619008069286735475 | 0.01% | $343,898 | $376,990 | $2,783,516 | 4.75% |
Recently
|
||
| 3 |
CEX
|
$0.0955686155103616514 | 0.02% | $616,048 | $459,094 | $1,409,575 | 2.41% |
Recently
|
||
| 4 |
CEX
|
$0.0955690242699823514 | 0.1% | $563,935 | $607,564 | $8,718,099 | 14.9% |
Recently
|
||
| 5 |
CEX
|
$0.09556176 | 0.05% | $223,346 | $278,503 | $1,497,802 | 2.56% |
Recently
|
||
| 6 |
CEX
|
$0.095624883458481648364 | 0.02% | $129,170 | $108,294 | $839,883 | 1.44% |
Recently
|
||
| 7 |
CEX
|
$0.09566853669625475454 | 0.21% | $285,516 | $276,546 | $11,235,861 | 19.2% |
Recently
|
||
| 8 |
CEX
|
$0.09560 | 0.1% | $183,177 | $296,877 | $230,103 | 0.39% |
Recently
|
||
| 9 |
CEX
|
$0.09560 | 0.1% | $25,036 | $35,284 | $1,335,898 | 2.28% |
Recently
|
||
| 10 |
CEX
|
$0.09556856957327016232 | 0.1% | $89,970 | $142,000 | $693,564 | 1.19% |
Recently
|
||
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Ethereum Mainnet
Base Mainnet
BNB Smart Chain
Arbitrum
Avalanche
Fantom
Flare
Gnosis
Linea
Optimism
Polygon
Polygon zkEVM
Scroll
Stellar
Story
Syscoin
Telos
X Layer
Xai
