PlasmaXPL

The coin of Plasma, a blockchain built for sending the USDT stablecoin without fees.

Rank #120Since September 2025

Price on 31 Oct 2026

C$0.1129 +9.3% since 31 Jul 2026 · 95.2% below its all-time high

The short version

XPL pays fees on Plasma, a blockchain built for USDT payments where USDT transfers cost users nothing; staking by outside validators is planned. Plasma is based in London, led by founder and CEO Paul Faecks, and raised US$24M in Feb 2025 in a round led by Framework and Bitfinex/USDT0. Monthly unlocks of 227.8M XPL to the team, investors and ecosystem fund run until Sep 2028. On 31 Oct 2026 one XPL cost C$0.1129. From 31 Jul 2026 to 31 Oct 2026 its price changed +9.3% in Canadian dollars, and it was 95.2% below its all-time high of C$2.35 set on 27 Sep 2025.^[1]

Checked 31 Oct 2026 · 10 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.4707 (8 Nov 2025) · low C$0.0856 (11 Jun 2026) · -73.3%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.1133	US$0.0811
30 Sep 2026	C$0.1363	US$0.0958
31 Aug 2026	C$0.1165	US$0.0840
31 Jul 2026	C$0.1094	US$0.0780
30 Jun 2026	C$0.1488	US$0.1047
31 May 2026	C$0.1260	US$0.0913
30 Apr 2026	C$0.1265	US$0.0931
31 Mar 2026	C$0.1227	US$0.0882
28 Feb 2026	C$0.1255	US$0.0917
31 Jan 2026	C$0.1662	US$0.1232
31 Dec 2025	C$0.2252	US$0.1644
30 Nov 2025	C$0.2946	US$0.2100

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.1129^[1]
3-month change: +9.3% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 95.2% below its high of C$2.35 (27 Sep 2025)^[1]
Market rank: #120, market value about C$536.9M^[1]
Kind: Native coin · Plasma (its own network)
Started: September 2025

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoNew XPL only from scheduled validator inflation, which has not started^[2]

Can anyone freeze or take coins from holders?NoNo freeze or blacklist function found for native XPL^[2]

Can the token's contract code be changed?Not applicableRuns on its own blockchain; its rules change only through network upgrades

Is the supply capped?NoNo hard cap; 5% validator inflation is planned on the 10B launch supply^[2]

Any scheduled unlocks in the next 12 months?YesAbout 2.73B XPL, 57% of circulating, in monthly tranches^[3]

Does a team or foundation hold over 10% of supply?YesTeam and investors 50%, ecosystem fund 40%; vesting runs to Sep 2028^[3]

Do network fees reach coin holders?YesThe base fee is burned, but chain fees were only about US$138K a year^[4]

Main network hacked or halted in the past 2 years?NoNo exploit or halt found; no Plasma entry on Rekt's leaderboard^[5]

Is a regulator or court case targeting the coin itself?NoNo live regulator or court case found^[6]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Plasma (London), founder and CEO Paul Faecks; office in the Netherlands and an Italian VASP-licensed entity^[6]
Backers: US$24M round led by Framework and Bitfinex/USDT0 (13 Feb 2025); Founders Fund and Peter Thiel reported^[6]
Allocation: Team 25%, investors 25%, ecosystem and growth 40%, public sale 10%^{[3, 6]}

Supply

In circulation: 4.76B XPL of 10.00B in total (47.6%)^[1]
Maximum supply: None set^[1]
Fully diluted value: 2.10 times its current market value^[1]
Supply: 10B at launch; 4.76B circulating (47.6%)^[3]
Unlocks: 227.8M XPL a month (team, investors, ecosystem) until 25 Sep 2028^[3]
Next 12 months: About 2.73B XPL, about 57% of circulating^[3]
New coins: Validator inflation of 5%, falling to 3%, starts only when outside validators go live^[2]

Use and fees

Main use: Gas on a USDT payments chain; USDT transfers are fee-free through a paymaster^[6]
Network fees: About US$138K in the past year, all burned; apps US$88.1M (Aave about US$56M)^[4]
Stablecoins: US$1.26B, down from a US$6.35B peak on 9 Oct 2025^[6]

Trading

Daily trading: About C$100.3M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 14.44% of its market value changes hands each day^[1]
20-week average: 7.8% below its 20-week average price^[1]
1-year change: -73.2% in C$^[1]^[7]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[8]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

2 red flags found

Red flag: About 2.73B XPL, 57% of circulating supply, unlocks to the team, investors and ecosystem fund in the 12 months from Nov 2026.^[3]
Red flag: Team (25%), investors (25%) and the ecosystem fund (40%) were allocated 90% of supply; 52.4% was still locked on 31 Oct 2026.^[3]

The next monthly unlock of 227.8M XPL is due on 25 Nov 2026.^[3]
On 15 Oct 2026 Plasma became Stripe's design partner for multi-currency stablecoin cards; no launch date or role for XPL was given.^[9]
BVNK added native Plasma support on 12 Oct 2026.^[10]
Plasma plans MiCA CASP and EMI applications; no approval had been announced by 31 Oct 2026.^[6]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.