Plasma (XPL) ra launches with 0.85 USD on Binance
XPL, core token of Plasma, was listed on Binance at 20:00 on 25/9 with trading pairs XPL/USDT, XPL/USDC, XPL/BNB, and XPL/FDUSD. The starting price of the token is 0.1 USD, later reaching a peak of 0.85 USD.
Currently, XPL trades around 0.73 USD, equivalent to an increase of 633%. 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, specifically designed for stablecoin financial applications, focusing on fee-free USDT transfers and DeFi activities.
With the ability to process over 1,000 transactions per second (TPS) on the mainnet, expected to scale to 10,000+ TPS, Plasma delivers speed and efficiency comparable to Web2, combined with the decentralization of Web3.
The network integrates XPL token for:
Payment of transaction fees: 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.,
