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XPL tokenWhen Plasma's XPL token was issued a month ago crypto investors were chomping at the bit to buy a slice of the new blockchain that was built for stablecoins. But despite stablecoins being a dominant theme throughout this bull cycle, Plasma failed to live up to the hype; with XPL now having lost more than 80% of its value since September's short-lived high of $1.67 XPL offers an intriguing value proposition as the core token of a stablecoin-centric Layer-1 blockchain, but its price performance after launch has been challenging and demand remains tied to broader adoption of Plasma’s network features. Utility improvements like staking and governance could support higher demand in 2026, but volatility, adoption uncertainty, and market sentiment are key risks to monitor. @Plasma #Plasma $XPL

XPL token

When Plasma's XPL token was issued a month ago crypto investors were chomping at the bit to buy a slice of the new blockchain that was built for stablecoins.

But despite stablecoins being a dominant theme throughout this bull cycle, Plasma failed to live up to the hype; with XPL now having lost more than 80% of its value since September's short-lived high of $1.67
XPL offers an intriguing value proposition as the core token of a stablecoin-centric Layer-1 blockchain, but its price performance after launch has been challenging and demand remains tied to broader adoption of Plasma’s network features. Utility improvements like staking and governance could support higher demand in 2026, but volatility, adoption uncertainty, and market sentiment are key risks to monitor.
@Plasma #Plasma $XPL
#plasma $XPL @Plasma ローンチ & マーケットパフォーマンス XPLは主要な取引所(例:バイナンス)でデビューし、初期の時価総額は24億ドルから28億ドルを超え、価格は初めのうちは約1.5ドルに達しました。 ローンチ後、トークンの価格は急落し、高値から80%以上の価値を失いました — これは部分的に売り圧力と需要の低迷によるものです。
#plasma $XPL @Plasma
ローンチ & マーケットパフォーマンス
XPLは主要な取引所(例:バイナンス)でデビューし、初期の時価総額は24億ドルから28億ドルを超え、価格は初めのうちは約1.5ドルに達しました。

ローンチ後、トークンの価格は急落し、高値から80%以上の価値を失いました — これは部分的に売り圧力と需要の低迷によるものです。
バンリー (VANRY) トークンバンリー (VANRY) トークン – 概要 バンリー (VANRY) は、ゲーム、メタバース、NFT、スケーラブルなWeb3アプリケーションのために構築されたレイヤー-1、EVM互換のブロックチェーンであるバナー チェーンのネイティブユーティリティトークンです。迅速な取引、低手数料、開発者フレンドリーなインフラを提供することを目指しています。 重要ポイント: ブロックチェーン: バナー チェーン (レイヤー-1, EVM 互換) トークンタイプ: ユーティリティ & ガバナンストークン ユースケース: バナー チェーンでのガス料金の支払い ステーキングとネットワークセキュリティ ガバナンス参加 ゲーム、NFT、DeFi、メタバースアプリで使用

バンリー (VANRY) トークン

バンリー (VANRY) トークン – 概要
バンリー (VANRY) は、ゲーム、メタバース、NFT、スケーラブルなWeb3アプリケーションのために構築されたレイヤー-1、EVM互換のブロックチェーンであるバナー チェーンのネイティブユーティリティトークンです。迅速な取引、低手数料、開発者フレンドリーなインフラを提供することを目指しています。
重要ポイント:
ブロックチェーン: バナー チェーン (レイヤー-1, EVM 互換)
トークンタイプ: ユーティリティ & ガバナンストークン
ユースケース:
バナー チェーンでのガス料金の支払い
ステーキングとネットワークセキュリティ
ガバナンス参加
ゲーム、NFT、DeFi、メタバースアプリで使用
#vanar $VANRY @Vanar ステーキングとネットワークセキュリティ ホルダーは、ネットワークを保護し、報酬を得るために、Vanarの委任プルーフ・オブ・ステークまたは同様のコンセンサスメカニズムを介してVANRYをステークできます。 🔹 ガバナンス トークンホルダーは、プロトコルのアップグレードやエコシステムの方向性を決定するガバナンス決定に参加できます。 🔹 エコシステムアクティビティ Vanarのアプリやプラットフォームに統合された機能などのインネットワークユーティリティトークンとして。 Vanar文書 🔹 クロスチェーン相互運用性 VANRYのラッピングバージョンは、EthereumとPolygon上のERC-20トークンとして存在し、チェーン間およびDEXでのより広範な使用を可能にします。
#vanar $VANRY @Vanar
ステーキングとネットワークセキュリティ
ホルダーは、ネットワークを保護し、報酬を得るために、Vanarの委任プルーフ・オブ・ステークまたは同様のコンセンサスメカニズムを介してVANRYをステークできます。

🔹 ガバナンス
トークンホルダーは、プロトコルのアップグレードやエコシステムの方向性を決定するガバナンス決定に参加できます。
🔹 エコシステムアクティビティ
Vanarのアプリやプラットフォームに統合された機能などのインネットワークユーティリティトークンとして。
Vanar文書
🔹 クロスチェーン相互運用性
VANRYのラッピングバージョンは、EthereumとPolygon上のERC-20トークンとして存在し、チェーン間およびDEXでのより広範な使用を可能にします。
nice
nice
Amelia263
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nice one @Plasma
Swarm Network Taps Walrus to Power Truly Verifiable AI on Rollup.News$WAL {future}(WALUSDT) Imagine scrolling through your feed and seeing a claim pop up, maybe it’s about skyrocketing vaccine death rates, or a viral video showing a bear wandering down Wall Street. Now picture an army of little AI helpers quietly buzzing in the background, double‑checking every fact, logging their sources, and stamping their verdicts onto a public ledger for anyone to inspect. That’s exactly what Swarm Network’s Rollup.News is all about, and today they’re making it even more bulletproof by plugging into Walrus, the new decentralized data layer on Sui. Rollup.News has been quietly building this social‑media fact‑checker for a bit now. Its network of AI agents watches for bold claims, gathers evidence, debates among themselves, and then writes a consensus‑backed “yes, that’s true” or “nope, false” directly to the blockchain. But as these agents chew through more videos, screenshots, and long‑winded arguments, Swarm ran into a snag: traditional databases just couldn’t keep up while guaranteeing permanent, censorship‑resistant storage. Enter Walrus. Think of it as a super‑durable library for media‑rich files—videos, images, audio clips, you name it—where every book is cryptographically sealed, and only you hold the key. Swarm is starting off by shoving its raw claims data into Walrus; next on the docket are the internal chat logs of its AI agents, the piles of evidence they’ve gathered, and all those little reasoning snippets that led to a final verdict.#walrus @WalrusProtocol

Swarm Network Taps Walrus to Power Truly Verifiable AI on Rollup.News

$WAL
Imagine scrolling through your feed and seeing a claim pop up, maybe it’s about skyrocketing vaccine death rates, or a viral video showing a bear wandering down Wall Street. Now picture an army of little AI helpers quietly buzzing in the background, double‑checking every fact, logging their sources, and stamping their verdicts onto a public ledger for anyone to inspect. That’s exactly what Swarm Network’s Rollup.News is all about, and today they’re making it even more bulletproof by plugging into Walrus, the new decentralized data layer on Sui.

Rollup.News has been quietly building this social‑media fact‑checker for a bit now. Its network of AI agents watches for bold claims, gathers evidence, debates among themselves, and then writes a consensus‑backed “yes, that’s true” or “nope, false” directly to the blockchain. But as these agents chew through more videos, screenshots, and long‑winded arguments, Swarm ran into a snag: traditional databases just couldn’t keep up while guaranteeing permanent, censorship‑resistant storage.

Enter Walrus. Think of it as a super‑durable library for media‑rich files—videos, images, audio clips, you name it—where every book is cryptographically sealed, and only you hold the key. Swarm is starting off by shoving its raw claims data into Walrus; next on the docket are the internal chat logs of its AI agents, the piles of evidence they’ve gathered, and all those little reasoning snippets that led to a final verdict.#walrus @WalrusProtocol
Walrus Explorer delivers verifiable analytics and monitoring tools for Walrus developersDevelopers are building increasingly complex onchain applications, and they need visibility they can trust,” said Rebecca Simmonds, Managing Executive at Walrus Foundation. “Thanks to this collaboration with Space and Time, we are giving builders the ability to uplevel the management of their data with continuous verification and optimization.” “We’re excited to partner with Walrus to deliver a comprehensive suite of data tools for developers to build onchain,” said Scott Dykstra, CTO at Space and Time Foundation. Walrus provides the data storage layer and Space and Time provides the verifiable database for computing over and proving data. Together, we’re enabling a new generation of sophisticated, data-driven apps.” $WAL {future}(WALUSDT) #walrus @WalrusProtocol

Walrus Explorer delivers verifiable analytics and monitoring tools for Walrus developers

Developers are building increasingly complex onchain applications, and they need visibility they can trust,” said Rebecca Simmonds, Managing Executive at Walrus Foundation. “Thanks to this collaboration with Space and Time, we are giving builders the ability to uplevel the management of their data with continuous verification and optimization.”
“We’re excited to partner with Walrus to deliver a comprehensive suite of data tools for developers to build onchain,” said Scott Dykstra, CTO at Space and Time Foundation. Walrus provides the data storage layer and Space and Time provides the verifiable database for computing over and proving data. Together, we’re enabling a new generation of sophisticated, data-driven apps.” $WAL
#walrus @WalrusProtocol
#walrus $WAL In addition to the Walrus Explorer, Space and Time, and Walrus are partnering to build a comprehensive solution for onchain builders. Space and Time’s ZK-verified query engine works in concert with the Walrus data layer to provide a powerful foundation for trustless, onchain data pipelines. Developers can store and manage large-scale data with Walrus while running verifiable queries, aggregations, and analytics through Space and Time, supporting use cases ranging from DeFi compliance to tokenized real-world asset tracking.$WAL {future}(WALUSDT)
#walrus $WAL In addition to the Walrus Explorer, Space and Time, and Walrus are partnering to build a comprehensive solution for onchain builders. Space and Time’s ZK-verified query engine works in concert with the Walrus data layer to provide a powerful foundation for trustless, onchain data pipelines. Developers can store and manage large-scale data with Walrus while running verifiable queries, aggregations, and analytics through Space and Time, supporting use cases ranging from DeFi compliance to tokenized real-world asset tracking.$WAL
Walrus Explorer delivers verifiable analytics and monitoring tools for Walrus developersSpace and Time, the blockchain for ZK-proven data, has partnered with Walrus to launch the Walrus Explorer, a web-based dashboard that gives developers and operators real-time visibility into Walrus network activity, reliability, and performance. Powered by Space and Time’s Proof of SQL technology, the Walrus Explorer lets developers query and analyze network activity in a trustless way, providing a live, transparent view of the protocol’s health and performance. The Walrus Explorer allows users to inspect detailed data storage activity for individual blobs, including uploads, reads and writes, and availability checks. It also enables monitoring of network performance with metrics on operator behavior, shard distribution, and latency, while providing access to real-time analytics such as usage trends, node reliability, and protocol health. In short, the Walrus Explorer functions as a network operations center for Walrus, allowing developers and operators to verify and optimize their decentralized data infrastructure.$WAL {future}(WALUSDT) #walrus @WalrusProtocol

Walrus Explorer delivers verifiable analytics and monitoring tools for Walrus developers

Space and Time, the blockchain for ZK-proven data, has partnered with Walrus to launch the Walrus Explorer, a web-based dashboard that gives developers and operators real-time visibility into Walrus network activity, reliability, and performance. Powered by Space and Time’s Proof of SQL technology, the Walrus Explorer lets developers query and analyze network activity in a trustless way, providing a live, transparent view of the protocol’s health and performance. The Walrus Explorer allows users to inspect detailed data storage activity for individual blobs, including uploads, reads and writes, and availability checks. It also enables monitoring of network performance with metrics on operator behavior, shard distribution, and latency, while providing access to real-time analytics such as usage trends, node reliability, and protocol health. In short, the Walrus Explorer functions as a network operations center for Walrus, allowing developers and operators to verify and optimize their decentralized data infrastructure.$WAL
#walrus @WalrusProtocol
#walrus $WAL Baselight provides a unified environment for data discovery, analytics, and insights, eliminating the friction of fragmented tools and locked-down data silos. With over 120 billion rows, 281,000 tables, and 51,000 datasets already indexed, Baselight supports use cases across finance, AI and machine learning, research, and sports analytics. Through its native SQL engine and support for AI agents and custom models, Baselight enables structured data to be integrated into autonomous workflows and real-time analysis.
#walrus $WAL Baselight provides a unified environment for data discovery, analytics, and insights, eliminating the friction of fragmented tools and locked-down data silos. With over 120 billion rows, 281,000 tables, and 51,000 datasets already indexed, Baselight supports use cases across finance, AI and machine learning, research, and sports analytics. Through its native SQL engine and support for AI agents and custom models, Baselight enables structured data to be integrated into autonomous workflows and real-time analysis.
#walrus $WAL With Walrus as a data management layer, Baselight users gain a decentralized, high-performance foundation for dataset activation. Walrus introduces efficiencies for both large files and the small-file datasets common in AI and analytics pipelines through Quilt, its batching system that reduces costs and improves performance. Data stored on Walrus can be made queryable and programmable within Baselight, enabling dynamic access models such as token-gated queries, time-locked permissions, or DAO-controlled licensing. {future}(WALUSDT)
#walrus $WAL With Walrus as a data management layer, Baselight users gain a decentralized, high-performance foundation for dataset activation. Walrus introduces efficiencies for both large files and the small-file datasets common in AI and analytics pipelines through Quilt, its batching system that reduces costs and improves performance. Data stored on Walrus can be made queryable and programmable within Baselight, enabling dynamic access models such as token-gated queries, time-locked permissions, or DAO-controlled licensing.
This is where Dusk comes in$DUSK {future}(DUSKUSDT) From Radical Transparency to Selective Disclosure This is where Dusk comes in. Our protocol is designed to bring privacy and compliance together through zero-knowledge proofs and a novel compliance framework. Zero-Knowledge Compliance (ZKC): Participants can prove they meet regulatory requirements without exposing personal or transactional details. This enables AML/KYC compliance without sacrificing confidentiality. Private Smart Contracts: Businesses can issue securities, settle trades, and manage corporate actions privately, while regulators still retain the ability to audit when required. Selective Transparency: Market actors can decide who sees what, ensuring sensitive information is protected while compliance is maintained. Privacy as a European Imperative Europe has taken a clear stance: privacy is not optional, it’s a right. The GDPR set the standard globally for data protection, and the upcoming MiCA regulation is laying the groundwork for digital assets within a regulated framework. For European stock exchanges, brokers, and issuers, this means that a blockchain fit for purpose must align with both financial regulation and data protection law. A public, fully transparent chain simply does not meet this bar. Dusk’s approach, embedding privacy by design while enabling regulatory oversight, is uniquely aligned with Europe’s financial and legal environment.@Dusk_Foundation #dusk

This is where Dusk comes in

$DUSK
From Radical Transparency to Selective Disclosure
This is where Dusk comes in. Our protocol is designed to bring privacy and compliance together through zero-knowledge proofs and a novel compliance framework.

Zero-Knowledge Compliance (ZKC): Participants can prove they meet regulatory requirements without exposing personal or transactional details. This enables AML/KYC compliance without sacrificing confidentiality.

Private Smart Contracts: Businesses can issue securities, settle trades, and manage corporate actions privately, while regulators still retain the ability to audit when required.

Selective Transparency: Market actors can decide who sees what, ensuring sensitive information is protected while compliance is maintained.

Privacy as a European Imperative
Europe has taken a clear stance: privacy is not optional, it’s a right. The GDPR set the standard globally for data protection, and the upcoming MiCA regulation is laying the groundwork for digital assets within a regulated framework.

For European stock exchanges, brokers, and issuers, this means that a blockchain fit for purpose must align with both financial regulation and data protection law. A public, fully transparent chain simply does not meet this bar.

Dusk’s approach, embedding privacy by design while enabling regulatory oversight, is uniquely aligned with Europe’s financial and legal environment.@Dusk #dusk
Why Privacy Matters in FinanceFor years, public blockchains have operated under the assumption that transparency must come at the cost of privacy. Every transaction is broadcasted, every wallet balance visible, and every participant left exposed. While this radical transparency has fueled innovation, it has also limited adoption by the very industries blockchain set out to transform: regulated financial institutions and capital markets. At Dusk, we believe this trade-off is unnecessary. In fact, privacy is not the enemy of transparency—it is the enabler of compliance, efficiency, and trust. Why Privacy Matters in Finance Unlike crypto-native communities, traditional financial markets are built on confidentiality. Companies do not want their competitors to see treasury movements. Investors should not have their entire portfolio and strategy made public with each settlement. Market makers cannot function if every bid and ask is permanently visible on-chain. Without privacy, public blockchains inadvertently force businesses to reveal their competitive edge and investors to compromise security. This is unacceptable in regulated environments, where confidentiality is a prerequisite for participation.$DUSK {future}(DUSKUSDT) #dusk @Dusk_Foundation

Why Privacy Matters in Finance

For years, public blockchains have operated under the assumption that transparency must come at the cost of privacy. Every transaction is broadcasted, every wallet balance visible, and every participant left exposed. While this radical transparency has fueled innovation, it has also limited adoption by the very industries blockchain set out to transform: regulated financial institutions and capital markets.

At Dusk, we believe this trade-off is unnecessary. In fact, privacy is not the enemy of transparency—it is the enabler of compliance, efficiency, and trust.

Why Privacy Matters in Finance
Unlike crypto-native communities, traditional financial markets are built on confidentiality. Companies do not want their competitors to see treasury movements. Investors should not have their entire portfolio and strategy made public with each settlement. Market makers cannot function if every bid and ask is permanently visible on-chain.

Without privacy, public blockchains inadvertently force businesses to reveal their competitive edge and investors to compromise security. This is unacceptable in regulated environments, where confidentiality is a prerequisite for participation.$DUSK
#dusk @Dusk_Foundation
#dusk $DUSK {future}(DUSKUSDT) About Dusk Dusk is the privacy blockchain for financial applications. A new standard for compliance, control, and collaboration. Our mission is to enable enterprises of any size to collaborate at scale, meet compliance requirements and ensure that personal and transaction data remains confidential.@Dusk_Foundation
#dusk $DUSK
About Dusk
Dusk is the privacy blockchain for financial applications. A new standard for compliance, control, and collaboration. Our mission is to enable enterprises of any size to collaborate at scale, meet compliance requirements and ensure that personal and transaction data remains confidential.@Dusk
Easy access to DuskEasy access to Dusk In addition to the three areas that are receiving the most focus, the team is also focused on building out the broader Dusk ecosystem. We want it to be incredibly easy to access Dusk. From bridging assets to Dusk to trading the token, the team is dedicated to building an ecosystem that is well-integrated, easy to access, and offers opportunities to everyone, from a small investor to big institutions. We should see these advancements rolling out soon, beginning with DuskEVM, and being followed by dApps, STOX, and licenses. With an interoperable blockchain, DeFi and TradFi dApps, institutional partners, and the right regulatory environment, Dusk will bring users new opportunities and greater access to financial participation. $DUSK {future}(DUSKUSDT) #dusk @Dusk_Foundation

Easy access to Dusk

Easy access to Dusk
In addition to the three areas that are receiving the most focus, the team is also focused on building out the broader Dusk ecosystem. We want it to be incredibly easy to access Dusk.

From bridging assets to Dusk to trading the token, the team is dedicated to building an ecosystem that is well-integrated, easy to access, and offers opportunities to everyone, from a small investor to big institutions.

We should see these advancements rolling out soon, beginning with DuskEVM, and being followed by dApps, STOX, and licenses.

With an interoperable blockchain, DeFi and TradFi dApps, institutional partners, and the right regulatory environment, Dusk will bring users new opportunities and greater access to financial participation. $DUSK
#dusk @Dusk_Foundation
#dusk $DUSK {future}(DUSKUSDT) This is the trading platform occupying the rest of the development team’s time. Complementary but distinct from our work with NPEX, the project-internally-known-as-STOX, will bring regulated assets on-chain and allow investors to trade. It will be an iterative rollout, starting with a few carefully selected partners and assets, and expanding to more partners, more assets, and more investors. This will not only give investors access to previously hard to access assets, it will also boost the Dusk TVL and encourage investors from all over, both TradFi and DeFi, big and small to trade on DuskEVM.
#dusk $DUSK
This is the trading platform occupying the rest of the development team’s time. Complementary but distinct from our work with NPEX, the project-internally-known-as-STOX, will bring regulated assets on-chain and allow investors to trade.

It will be an iterative rollout, starting with a few carefully selected partners and assets, and expanding to more partners, more assets, and more investors.

This will not only give investors access to previously hard to access assets, it will also boost the Dusk TVL and encourage investors from all over, both TradFi and DeFi, big and small to trade on DuskEVM.
#dusk $DUSK {future}(DUSKUSDT) DuskEVM is an EVM-compatible L2 built on top of DuskDS. Gas is paid in $DUSK, it settles on DuskDS, but it is also compatible with the broader EVM ecosystem, including tooling, wallets, and Solidity. While the development team is busy building it, the business development team is busy building the ecosystem around it. This means DuskEVM will not only be a new chain, it will bring an ecosystem of DEXes, lending/borrowing, and more, to ensure a thriving ecosystem. While we do not expect everything to be deployed on Day 1 of DuskEVM, the BD team has been working diligently to onboard partners and dApps, as well as other RWA projects.
#dusk $DUSK
DuskEVM is an EVM-compatible L2 built on top of DuskDS. Gas is paid in $DUSK , it settles on DuskDS, but it is also compatible with the broader EVM ecosystem, including tooling, wallets, and Solidity.

While the development team is busy building it, the business development team is busy building the ecosystem around it.

This means DuskEVM will not only be a new chain, it will bring an ecosystem of DEXes, lending/borrowing, and more, to ensure a thriving ecosystem.

While we do not expect everything to be deployed on Day 1 of DuskEVM, the BD team has been working diligently to onboard partners and dApps, as well as other RWA projects.
#dusk $DUSK Our trading platform: Code name STOX, this is our platform for trading regulated assets. Built on DuskEVM, it will offer access to money market funds, stocks, bonds, and more. The DLT-TSS: This is the regulatory exemption we are applying for with our partners NPEX, that will give an easy route to on-chain native issuance. Let’s look a bit deeper into what each piece means for Dusk, the community, and the overall vision$DUSK {future}(DUSKUSDT)
#dusk $DUSK Our trading platform: Code name STOX, this is our platform for trading regulated assets. Built on DuskEVM, it will offer access to money market funds, stocks, bonds, and more.

The DLT-TSS: This is the regulatory exemption we are applying for with our partners NPEX, that will give an easy route to on-chain native issuance.

Let’s look a bit deeper into what each piece means for Dusk, the community, and the overall vision$DUSK
#dusk $DUSK {future}(DUSKUSDT) DUSK Open main menu Oct 17, 2025 ‐ Jade Doherty Dusk: 3 Keys for Success 3 keys for success Since the launch of DuskDS and partner integrations earlier this year, the team has narrowed its focus to build in three areas: DuskEVM: Our EVM-compatible blockchain, built to integrate seamlessly with the broader crypto ecosystem and provide flexibility for privacy-preserving tools like Hedger. Our trading platform: Code name STOX, this is our platform for trading regulated assets. Built on DuskEVM, it will offer access to money market funds, stocks, bonds, and more.
#dusk $DUSK
DUSK
Open main menu
Oct 17, 2025 ‐ Jade Doherty
Dusk: 3 Keys for Success
3 keys for success
Since the launch of DuskDS and partner integrations earlier this year, the team has narrowed its focus to build in three areas:

DuskEVM: Our EVM-compatible blockchain, built to integrate seamlessly with the broader crypto ecosystem and provide flexibility for privacy-preserving tools like Hedger.

Our trading platform: Code name STOX, this is our platform for trading regulated assets. Built on DuskEVM, it will offer access to money market funds, stocks, bonds, and more.
What’s driving Plasma token down?What’s driving Plasma token down? XPL extended its downtrend after the post-launch hype faded. That early rally had been supported by an airdrop worth about 10,000 XPL for initial users. As price cooled, on-chain activity followed the same path, weakening the token’s momentum. What’s driving Plasma token down? The first wave of selling stemmed from the upcoming unlock on the 25th of November. About 88.88 million XPL, valued at $18.13 million, was set to unlock, leaving over 80% of the supply still locked. It was the largest of the roughly $80 million in weekly token unlocks across the sector. Even so, long-term traction struggled elsewhere. Stablecoin TVL fell 68% since October and declined 8.24% on a weekly basis. Stablecoin Market Cap rested near $1.82 billion, while overall TVL slipped to $6.695 billion, with bridges contributing $5.79 billion of that total. Cumulative Transactions hit a new high, but daily activity cooled. Transaction Count slipped from 42,398 to 39,725. Daily New Users were only 137, and returning users totaled 1,831. DEX Volume dropped to $8.39 million at press time from its high of $47.81 million on the 19th of November. Most usage metrics trended lower since late October, a slide reflected in price charts. Bears extend control On the charts, XPL price showed that the altcoin was in a bearish structure, trading inside a trend channel. XPL was down by more than 36% for the last five days. The Bull Bear Power (BBP) was dominant for the last five days, while the net volume was negative $5.07 million. XPL bears seemed to be gaining momentum, and the next target was at $0.15 if dominance was maintained. Conversely, breaking above the upper resistance would invalidate the current setup, which suggests a drop to $0.15.#Plasma a @Plasma $XPL {future}(XPLUSDT)

What’s driving Plasma token down?

What’s driving Plasma token down?
XPL extended its downtrend after the post-launch hype faded. That early rally had been supported by an airdrop worth about 10,000 XPL for initial users.
As price cooled, on-chain activity followed the same path, weakening the token’s momentum.
What’s driving Plasma token down?
The first wave of selling stemmed from the upcoming unlock on the 25th of November.
About 88.88 million XPL, valued at $18.13 million, was set to unlock, leaving over 80% of the supply still locked. It was the largest of the roughly $80 million in weekly token unlocks across the sector.
Even so, long-term traction struggled elsewhere.
Stablecoin TVL fell 68% since October and declined 8.24% on a weekly basis. Stablecoin Market Cap rested near $1.82 billion, while overall TVL slipped to $6.695 billion, with bridges contributing $5.79 billion of that total.
Cumulative Transactions hit a new high, but daily activity cooled.
Transaction Count slipped from 42,398 to 39,725. Daily New Users were only 137, and returning users totaled 1,831.
DEX Volume dropped to $8.39 million at press time from its high of $47.81 million on the 19th of November. Most usage metrics trended lower since late October, a slide reflected in price charts.
Bears extend control
On the charts, XPL price showed that the altcoin was in a bearish structure, trading inside a trend channel. XPL was down by more than 36% for the last five days.
The Bull Bear Power (BBP) was dominant for the last five days, while the net volume was negative $5.07 million. XPL bears seemed to be gaining momentum, and the next target was at $0.15 if dominance was maintained.
Conversely, breaking above the upper resistance would invalidate the current setup, which suggests a drop to $0.15.#Plasma a @Plasma $XPL
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