XPL (Plasma) has increased by 17.37% over the past 24 hours, now trading at $0.09

GateNews

2026-02-12 05:42:15

XPL8,37%

Gate News Bot Report, February 12 — According to CoinMarketCap data, at press time, XPL (Plasma) is trading at $0.09, up 17.37% in the past 24 hours. The price reached a high of $0.09 and a low of $0.07 within the same period, with a 24-hour trading volume of $111 million. The current market capitalization is approximately $169 million, an increase of $25 million from yesterday.

Plasma is a high-performance layer-one blockchain designed specifically for stablecoins, offering near-instant, low-cost payment experiences with institutional-grade security. The network supports over 1,000 transactions per second, with a block time of less than 1 second. It currently supports more than 25 stablecoins, with total stablecoin deposits reaching $7 billion, making it the fourth-largest USDT asset network globally. Plasma has received investments from well-known institutions such as Founders Fund, Framework Ventures, Flow Traders, and DRW, and is driving the digital transformation of the global financial system.

Recent Important News About XPL:

1️⃣ Core Value Continues to Demonstrate Strength
As a high-performance layer-one blockchain designed specifically for stablecoins, Plasma’s technological advantages—such as ultra-high transaction throughput (over 1,000 transactions per second) and extremely low block times—have made it the fourth-largest USDT asset network worldwide, with stablecoin deposits totaling $7 billion. Supporting more than 25 stablecoins, it provides critical infrastructure for the digital transformation of the global financial system. This core competitiveness continues to support market investment.

2️⃣ Institutional Backing and Market Confidence
Ongoing participation from prominent institutions like Founders Fund and Framework Ventures indicates that Plasma has gained institutional recognition for its stablecoin ecosystem and technical solutions. Support from these investors provides capital backing and market confidence, helping to drive the value appreciation of the XPL token.

3️⃣ Ecosystem Development and Application Expansion
The Plasma network has developed a relatively mature ecosystem supporting multiple stablecoin assets and DeFi applications. The depth and breadth of this ecosystem build a long-term moat for the project and provide scenario support for the continuous application of the token.

This message is not investment advice. Investors should be aware of market volatility risks.

View Original

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.

$LINK, $PIPPIN, and $INJ Lead the Pack of Top AI Agent Projects

Daily Crypto News Rankings & Leaderboards

The essay discusses the top AI agent projects in the cryptocurrency market based on social activity metrics from LunarCrush. Chainlink ($LINK) leads with the highest engagement, followed by Pippin ($PIPPIN) and Injective ($INJ), highlighting the active trend of AI in crypto.

BlockChainReporter37m ago

【Morning Market Brief】 Cryptocurrency market fluctuates... Bitcoin $68,929, Ethereum $2,041

ethereum news Daily Crypto News Market Analysis Price Volatility

The cryptocurrency market trend is mixed, with Bitcoin and Ethereum rising by 4.50% and 4.47% respectively. Mainstream competing coins are showing divergence, with a total market value of approximately $2.75 trillion. Both the DeFi and stablecoin markets have experienced growth, and derivatives trading volume remains active.

TechubNews1h ago

CME Group adds ADA, LINK, XLM futures, and states that its crypto products cover over 75% of the crypto market capitalization

Daily Crypto News Derivatives Data

PANews March 2 News, CME Group announced on Twitter that CME has launched futures for Cardano(ADA), Chainlink(LINK), and Stellar(XLM) (including large contracts, micro contracts, and cash-settled), covering over 75% of the total cryptocurrency market capitalization when combined with BTC/ETH/SOL/XRP products; and also mentioned Nasdaq CME Crypto

GateNews5h ago

Mt. Gox Bankruptcy Case May See Resolution with Proposed Bitcoin Hard Fork

bitcoin news Daily Crypto News Regulation & Policy Security Incidents

Former Mt. Gox CEO Mark Karpeles has proposed a Bitcoin hard fork to recover 80,000 BTC stolen from the exchange over a decade ago. The hard fork would see the BTC, worth $5 billion and currently held by a single wallet, moved to a new address without the requirement of the original private k

CryptoNewsFlash5h ago

Sanae Takashi Denies Connection! Japanese media NoBorder issues tokens, claiming inspiration from Audrey Tang's digital democracy mechanism

Daily Crypto News Price Volatility Project Progress Token Events

Japanese media organization NoBorder recently issued the SANAE Token on Solana, aiming to promote the "Japan is Back" project and explore updates to democratic systems. Sanae Takashi has explicitly stated she is unaware, sparking controversy and a sharp decline in the token price. NoBorder plans to facilitate discussions through citizen feedback collection and AI analysis, and introduce token incentives, but holding a higher proportion of operational shares has raised market concerns about risks.

ChainNewsAbmedia6h ago

Data: Today, the US Bitcoin ETF experienced a net outflow of 548 BTC, and the Ethereum ETF experienced a net outflow of 12,307 ETH.

bitcoin news ethereum news Daily Crypto News Capital Flow Global Markets

ChainCatcher reports that, according to Lookonchain monitoring, 10 Bitcoin ETFs experienced a net outflow of 548 BTC (worth $35.9 million), 9 Ethereum ETFs had a net outflow of 12,307 ETH (worth $23.75 million), and SOL ETFs saw a net inflow of 17,941 SOL (worth $1.49 million).

GateNews7h ago

Comment

0/400

No comments