Bubble
Plasma XPL
Plasma (XPL) was trading at $0.0824, ranked #157 by market cap at $229.01M, with 24h volume of $55.42M.
Data snapshot: 2026-09-02 12:15 UTC.
Plasma is a layer-1 built specifically for stablecoin payments rather than general-purpose applications, designed so that simple USDT transfers can be sent without the user holding the chain's native token for gas. It targets remittances and merchant payments in places where stablecoins are already used as a dollar substitute, a narrower focus than most new chains take. Plasma is a chain built specifically around stablecoin payments rather than general applications, with the aim of making dollar transfers cheap and fast enough to be used as payment infrastructure. That places it in an unusual position on this map: it is a Layer 1 by architecture, but its demand driver is the same one that drives the stablecoin group — transfer volume rather than speculative on-chain activity. It is a recent network, so liquidity is thinner and its price history is short; both are worth weighing before reading much into short-term moves.
What is Plasma built for?
Stablecoin payments — moving dollar-denominated tokens cheaply and quickly — rather than serving as a general-purpose application platform.
Why does that matter for how it trades?
Its usage is tied to transfer volume rather than to speculative DeFi activity, so the things that drive it differ from the smart-contract chains near it by market cap.
Is XPL a stablecoin?
No. It is the network's own token. The stablecoins that move on the network are separate assets, tracked separately on this map.
How should a short price history be read?
With caution. Recent listings have thinner liquidity and no full market cycle behind them, so percentage moves are larger and less informative.
Market cap decides how big a bubble is drawn, so rank is what places XPL on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #149 | Conflux (CFX) | $243.69M |
| #155 | Tezos (XTZ) | $234.21M |
| #157 | Plasma (XPL) | $229.01M |
| #178 | Kaia (KAIA) | $182.60M |
| #181 | IOTA (IOTA) | $180.73M |