Coinlaunch Trust Score
Coinlaunch Trust Score
62 (Medium)
Plasma Blockchain Price:
$0.0869 3.11%
🏦 Market Cap $393.93M
💰 FDV $868.97M
📊 Volume $24.37M
📈 ATH Price $1.68
Top Investor
Mirana Ventures logo
Mirana Ventures Venture
Framework Ventures logo Founders Fund logo +6
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Progress
45.33% 716 Days left
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Plasma blockchain - Logo.

Plasma Blockchain (XPL)

Past
Total Raise: $74M
Date: 18 Oct, 24 - 23 May, 25

Plasma is an EVM-compatible Bitcoin sidechain tailored specifically for stablecoin mass adoption. It offers users ultra-fast and cheap transactions powered by the security of the Bitcoin mainnet. $XPL is a native token of the network used for powering the security of the Plasma chain and the Bitcoin bridge.

Since its inception in 2024, the company has raised $24M in private funding from multiple leading investors like Paolo Ardoino (Tether CEO), Peter Thiel, Framework Ventures, Bitfinex, Ardoino (Tether CEO), and others. On June 9th, 2025, it is set to launch a $50M public token sale, putting on sale over 10% of the total $XPL token supply. 

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Plasma Blockchain Overview

Ticker: XPL
Blockchain Network: Plasma blockchain
Country: United Kingdom
Founded: 2024
Whitelist: No
KYC: Yes
Bounty: No
MVP: No
Type: IDO, Equity
Industry:
Security Audit:
No
Token Contracts:
Yes

XPL/USD Price Chart

📈 ATH Price $1.68 27 Sep, 25
📉 ATL Price $0.0601 11 Jun
From ATH -94.83%
From ATL +44.53%
Exchange Pair Price Volume (24H) Trust Score
Binance
XPL/USDT
USDT 0.0870
$0.0869
4.45M
OKX
XPL/USDT
USDT 0.0870
$0.0869
2.18M
Bybit
XPL/USDT
USDT 0.0870
$0.0870
1.44M
Bitget
XPL/USDT
USDT 0.0870
$0.0869
434.94K
MEXC
XPL/USDT
USDT 0.0870
$0.0869
361.96K
Gate
XPL/USDT
USDT 0.0869
$0.0869
203.85K
KuCoin
XPL/USDT
USDT 0.0870
$0.0869
145.68K
HTX
XPL/USDT
USDT 0.0868
$0.0867
41.81K
Upbit
XPL/USDT
USDT 0.123
$0.122
0.73
Coinbase Exchange
XPL/USD
USD 0.0868
$0.0869
532.66K

Plasma Blockchain Review

Last updated: 10 Jun

Plasma is an EVM-compatible L1 blockchain network that was purpose-built for the $220B stablecoin market. It aims to replace the centralized, high-cost L1 networks, such as the Tron chain, by offering increased network scalability, deeper liquidity, and security. 

It is built as a Bitcoin side chain, aiming for high transaction throughput capacity and security, processing transactions via the Bitcoin mainnet. At the same time, Plasma’s full EVM compatibility ensures seamless access for any Ethereum developer to the network, making it easier to build new dApps or integrate the network into existing applications. 

The key feature of the blockchain Plasma is set to be zero fees for $USDT transactions, eliminating the need for maintaining additional funds in the wallet to cover transactions. This way, Plasma network aims to achieve an improved on-chain user experience and facilitate mass adoption of the stablecoins, while establishing itself as a leader in the niche. 

🪙 Plasma token: Plasma’s native token is $XPL. It powers the network’s consensus mechanism, secures the Bitcoin bridge, and is used for transaction fees, staking/validating, governance, grants, and user incentivization programs.

Considering this info, the CoinLaunch team collected all publicly available information about the Plasma blockchain and found some of its pros and cons:

✅ Plasma pros:

  • Interesting concept of the product;
  • Good PR score;
  • Above the average SEO, SMM, and Marketing Infrastructure;
  • Powerful Influencer Marketing; 
  • Decent network of backers;
  • Tether and Bitfinex are the backers and close partners of the project. Also, according to some rumors, the key figures in the current US government also have a share in the project..

❌ Plasma cons:

  • Most of the core team members don’t have work experience in the top-tier crypto companies.

Plasma Blockchain Team

Paul Faecks
Paul Faecks
CEO
Hans Walter Behrens
Hans Walter Behrens
CTO
Vincent Rong
Vincent Rong
Head of Ecosystem

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