Plasma is a Bitcoin-powered L1 infrastructure designed for the needs of the stablecoin protocols, specifically $USDT. It delivers users a Bitcoin-native security, fast, and ultra-low stablecoin transactions. $XPL is a utility token of the protocol, the main purpose of which is to power the security of the Bitcoin bridge and blockchain network.
On February 13, 2025, the platform closed a $20.5M Series A round with the participation of Framework Ventures, Bitfinex, DRW, Bybit, and others. The funds raised totaled $24M from both Seed and Series A rounds.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| N/A | 0.66x | 44 | ||
| N/A | 1.56x | 31 | ||
| N/A | 0.27x | 12 |