🔹 Network Security and Staking
XPL is the native token used to stake and secure the network. Validators lock XPL to participate in consensus and help confirm transactions. These stakes create economic incentives that discourage bad actors and ensure the blockchain operates with integrity and reliability which is a must for payment systems.
🔹 Enabling Zero-Fee Stablecoin Transfers
One of Plasma’s most distinctive features is zero-fee stablecoin transfers — especially for USDT. While other chains charge gas fees in native tokens, Plasma’s design enables users to move stablecoins without paying additional costs, lowering barriers to everyday use.
🔹 Governance and Protocol Alignment
XPL also functions as the governance token for Plasma, giving stakeholders a voice in network upgrades, parameter changes, and future development decisions. This aligns long-term users with the success and sustainability of the ecosystem.
Cross-Chain Liquidity Expansions
Recent updates show Plasma integrating with NEAR Intents, a cross-chain protocol supporting swaps and settlement across more than 25 blockchains and over 125 assets. This broadens Plasma’s reach beyond its own ecosystem, enabling high-volume stablecoin flows across multiple network
Mainnet Beta Launch with Massive Liquidity
Plasma officially launched its mainnet beta on September 25, 2025, with an unprecedented $2 billion in stablecoin liquidity seeded from day one across more than 100 DeFi integrations, including major protocols like Aave, Ethena, Fluid, and Euler. This made Plasma immediately one of the largest chains by stablecoin TVL.
