#plasma $XPL XPL is the native token of Plasma Network, a Layer 1 EVM-compatible public chain, focusing on low-cost stablecoin payments, with a total supply of 10 billion and a circulating supply of 1.8 billion (18%). As of January 16, 2026, at 23:00, the price is approximately $0.146, down about 8% in the last 24 hours, with a circulating market cap of about $25.77 million and a 24-hour trading volume of $106.6 million.
Core value: EVM compatibility adapts to DeFi, stablecoin payment scenarios have potential, and Plasma One financial products will be launched in Q1 2026, which may drive application and token demand.
Risk points: 25% of tokens will be unlocked in July 2026, leading to significant supply pressure; previously, it fell sharply from a high point of $1.679, market sentiment is cautious, and attention is needed for potential selling pressure and liquidity risks after the unlock.
Core value: EVM compatibility adapts to DeFi, stablecoin payment scenarios have potential, and Plasma One financial products will be launched in Q1 2026, which may drive application and token demand.
Risk points: 25% of tokens will be unlocked in July 2026, leading to significant supply pressure; previously, it fell sharply from a high point of $1.679, market sentiment is cautious, and attention is needed for potential selling pressure and liquidity risks after the unlock.