4h ago• 3 min read
Plasma Goes Live With $2B Stablecoin TVL, XPL Soars
Plasma's stablecoin-focused blockchain launched its mainnet beta with XPL token hitting $1.54, achieving $2B+ TVL and landing major exchange listings on Binance, OKX, and Bybit in a massive debut.
Key takeaways
🚀 Major Launch: Plasma mainnet beta went live on September 25 with over $2 billion in stablecoin liquidity from day one
💰 Price Surge: XPL token peaked at $1.54, representing a 17.3x jump from the $0.05 ICO price
🏛️ Exchange Support: Listed simultaneously on major exchanges including Binance, OKX, Bybit, Bitget, and Gate
📊 Trading Volume: Generated over $5.4 billion in 24-hour trading volume, marking one of the largest token debuts
🎁 Community Rewards: Distributed $8,390 worth of XPL tokens to every ICO participant as an unexpected bonus
Deep dive
Plasma's mainnet beta launch represents one of the most significant blockchain debuts of 2025, positioning itself as the 8th largest blockchain by stablecoin liquidity at launch.
The network combines Bitcoin's UTXO security model with Ethereum's smart contract capabilities, enabling zero-fee USDT transfers through its custom PlasmaBFT consensus mechanism.
With backing from high-profile investors including Peter Thiel and Tether CEO Paolo Ardoino, the project launched with immediate access to over 100 DeFi integrations including Aave, Ethena, and Euler.
The XPL token's dramatic price appreciation from $0.05 to $1.54 has created substantial returns for early investors, while the project's focus on stablecoin infrastructure addresses a critical need in the growing $250+ billion stablecoin market.
The successful launch with $2 billion in day-one TVL demonstrates strong institutional confidence and positions Plasma as a serious competitor in the layer-1 blockchain space.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
