A new giant in stablecoins is born: Plasma's XPL Token surges past a market capitalization of 2.4 billion USD on its first day.

A new giant has emerged in the stablecoin infrastructure sector, as the native Token XPL of the Plasma Blockchain officially launched for trading on September 25, with its market capitalization exceeding 2.4 billion USD on the first day, attracting widespread follow from the crypto market. This emerging Blockchain, focused on the stablecoin ecosystem, challenges existing payment infrastructures with its core selling point of "zero-fee stablecoin transfers."

Plasma Blockchain: A New Choice for the Stablecoin Ecosystem

The Plasma network synchronization made its debut, with a total locked value of stablecoins exceeding $2 billion, utilizing a design architecture compatible with EVM. As an infrastructure built specifically for stablecoins, Plasma's biggest feature is that it allows end users to perform gas-free stablecoin transfers, especially enabling simple USDT transactions with zero fees, significantly lowering the usage threshold for users.

According to the explanation from the blockchain analytics firm Delphi Digital, while basic transfers are free, more complex transaction operations, such as deploying smart contracts or decentralized applications, still require payment of Gas fees in the form of XPL, or automatic conversion of some stablecoins into XPL as transaction fees.

XPL Token's first day performance is outstanding

The XPL Token was simultaneously launched on several major exchanges, with the price soaring to a high of $1.54 during early trading, reaching a market capitalization peak of over $2.8 billion. Currently, the total supply of Plasma tokens is 10 billion, of which 18% (approximately 1.8 billion) have entered the circulating market.

Analysts point out that XPL's performance on the first day far exceeded market expectations, reflecting investors' high recognition of the stablecoin infrastructure sector. As stablecoins become increasingly popular in global payments and cross-border transfers, blockchain solutions optimized for stablecoins are becoming the new focus of the market.

Plasma One: Native Stablecoin Banking Services

Earlier this week, the Plasma team also launched a native banking service for stablecoins called "Plasma One," aimed at providing users with a comprehensive solution for permissionless spending, earning, and saving digital dollars. This service will be deeply integrated with the XPL Token ecosystem, offering users a more diverse range of stablecoin application scenarios.

Industry experts comment that the launch of Plasma One marks the development of the stablecoin ecosystem towards more mature financial services, with the potential to attract more traditional financial users into the crypto market.

XPL Token Economics Design

XPL, as the native Token of the Plasma Blockchain, functions similarly to ETH on Ethereum and SOL on Solana, mainly used for:

· Gas token for transaction and smart contract execution

· Staked assets for protecting network security

· Validator's reward Token

The total supply of XPL Token is fixed at 10 billion coins, with the distribution plan as follows:

· 40% (4 billion) used for ecosystem and growth projects

· Unlock 8% (800 million coins) at launch for initial liquidity and cooperation

· The remaining 3.2 billion coins will be unlocked linearly every month over the next three years.

· 25% (2.5 billion Tokens) allocated to founders, developers, and employees

· One year "cliff-style" lock-up followed by two years of linear unlocking

· 25% (2.5 billion tokens) allocated to early supporters and strategic partners

· The locking conditions are the same as the team.

XPL adopts an inflation model, with an initial inflation rate of 5% for validator rewards, which then decreases annually until stabilizing at 3%, ensuring the long-term security and sustainable development of the network.

Market Prospects and Challenges

Analysts point out that Plasma, as an infrastructure focusing on stablecoins, has unique advantages in the current market. As the global stablecoin market continues to expand, blockchain solutions optimized for stablecoins are expected to gain wider application.

However, Plasma also faces fierce competition from existing public chains and uncertainties in the regulatory environment. Investors should closely follow the speed of its ecosystem development, institutional adoption, and regulatory compliance progress.