When it comes to stablecoin transfers, most people's first reaction is high Gas fees and long confirmation times. This pain point has been completely solved here on the Plasma public chain. As the native token of this ecosystem, XPL has caused quite a stir in the market with its innovative payment architecture.

The core innovation lies in the introduction of the Paymaster smart contract — making USDT zero-Gas fee transfers a reality, directly lowering the usage barrier for ordinary users. The performance on the first day of mainnet launch alone demonstrates the market's eagerness: over 2 billion USD in stablecoin inflows, TVL soaring to 5.6 billion USD, and the XPL token market cap reaching 13 billion USD, with a peak price of $1.88. This is not a flash in the pan, but a genuine recognition of the differentiated positioning by the market.

From a tokenomics perspective, the design logic of XPL is quite robust. Out of a total supply of 10 billion, 40% is allocated to ecosystem growth, while the shares for the team and investors (each holding 25%) are both locked for the long term, with only 10% available for public issuance. This distribution structure means that the current circulating supply is only 18%, making short-term selling pressure minimal — providing natural support for the price.

Interestingly, it also features a design in its inflation mechanism. To maintain network security, the protocol issues new XPL annually as validator rewards, with the inflation rate gradually decreasing from 5% to a long-term target of 3%. Meanwhile, the improved EIP-1559 burn mechanism is in effect — besides zero-fee USDT basic transfers, DeFi transactions and smart contract calls will also generate burns, creating a dynamic balance between inflation and deflation. This design not only ensures network incentives but also constrains token issuance through the burn mechanism, forming a self-regulating system in principle.