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.
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