Gate News Bot Report, February 26 — According to CoinMarketCap data, at press time, XPL (Plasma) is trading at $0.10, up 17.39% in the past 24 hours. The price reached a high of $0.11 and a low of $0.08 during this period, with a 24-hour trading volume of $134 million. The current market capitalization is approximately $186 million, an increase of $27.6 million from yesterday.
Plasma is a high-performance Layer 1 blockchain designed specifically for stablecoins. Built from the ground up with stablecoin applications in mind, Plasma offers institutional-grade security and near-instant, fee-free transactions. The network processes over 1,000 transactions per second with a block time of less than 1 second. It supports more than 25 stablecoins across over 100 countries and regions worldwide, offering more than 200 payment methods. To date, Plasma has accumulated over $700 million in stablecoin deposits, making it the fourth-largest USD₮ ecosystem globally, with over 100 ecosystem partners.
Recent Important News about XPL:
1️⃣ Stablecoin Ecosystem Position Strengthened
Plasma, as the fourth-largest USD₮ ecosystem globally, has over $700 million in stablecoin deposits and supports more than 25 stablecoins. It covers over 100 countries and regions worldwide and supports more than 200 payment methods, with over 100 ecosystem partners. This extensive ecosystem and stablecoin accumulation provide a solid foundation for XPL token demand.
2️⃣ High-Performance Technology Supporting Application Expansion
Plasma’s high-performance features—processing over 1,000 transactions per second, a block time under 1 second, and near-instant, fee-free payments—give it a competitive edge in stablecoin payments. These technical advantages facilitate platform adoption in global payment scenarios and drive user growth.
3️⃣ Token Value Release Phase
XPL tokens have officially launched and integrated into DeFi ecosystems, marking the platform’s transition into the token economy activation phase. Market recognition of Plasma as a dedicated blockchain for stablecoins has increased, boosting recent token prices.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BNB falls below $600, now at $592.27, down 5.98% in the past 24 hours
Odaily Planet Daily reports that according to market data, BNB has fallen below $600, currently trading at $592.27, a 5.98% decrease in the past 24 hours.
GateNews37m ago
Axiom Employee Allegedly Exploits Dashboard for Insider Trading
Allegations against Axiom Exchange reveal that Broox Bauer exploited internal dashboards to track private wallets for insider trading schemes, targeting high-volume traders. The lack of access controls raises significant security concerns, prompting calls for investigation.
CryptoFrontNews42m ago
Uniswap fee switch voting in progress! UNI price defies the trend and rises, with 8 chains potentially generating millions of dollars in monthly revenue
Uniswap token holders have initiated a new round of DAO voting, proposing to enable fee switching mechanisms on 8 blockchains, which is expected to generate significant protocol revenue. UNI has increased by approximately 9% over the past 7 days, while BTC and ETH have declined. If the proposal passes, liquidity fees will be directed into the "token treasury," allowing users to earn rewards by burning UNI, creating a deflationary outlook. The proposal has passed the first round of voting, with the final vote ending on March 4.
GateNews2h ago
XRP stabilizes above $1.4, FXRP mints over 3 million tokens in a single day, DeFi and ETF funds accelerate simultaneously
XRP's recent price remains steady in the $1.32-$1.48 range, with the market watching to see if it can break through $1.5. As on-chain activity increases, FXRP minting has risen significantly, and DeFi participation has grown. Capital inflows have strengthened, and positive signs are emerging in spot ETFs, with technical indicators showing bullish momentum is building.
GateNews3h ago
BARD (Lombard) 24-hour increase of 25.03%
Gate News Bot Message, February 28th, according to CoinMarketCap data, as of press time, BARD (Lombard) is currently priced at $1.09, up 25.03% in the past 24 hours, with a high of $1.09 and a low of $0.75. The 24-hour trading volume reached $56.1 million. The current market capitalization is approximately $246 million, an increase of about $49.2 million from yesterday.
Lombard Finance is a platform focused on on-chain capital markets for Bitcoin, dedicated to integrating Bitcoin into the on-chain DeFi ecosystem. The project was established in 2024, with LBTC (Liquid Staking Token) as its core product. It has become a leading liquid staking token for Bitcoin, secured by a top-tier institutional alliance.
Lombard's product
GateNews3h ago
REX Shares Launches GIF ETF, Collaborating with CEX and Strategy, Weekly Dividend Strategy Focused on High-Yield Crypto and AI Sectors
REX Shares Launches Income-Producing Product GIF ETF, Combining Leverage and Covered Call Strategies to Invest in Cryptocurrencies and Tech Stocks, with Weekly Distributions. The fund allocates to multiple sub-funds to seek high returns but should be cautious of leverage risks and option limitations.
GateNews4h ago
