XPL Price

XPL is the native cryptocurrency of the Plasma blockchain, designed for high-volume, low-cost global stablecoin payments. As an EVM-compatible Layer 1 blockchain, Plasma aims to facilitate efficient and scalable transactions. XPL serves multiple functions within the ecosystem: 1. Transaction fees: Used to pay for network operations 2. Validator rewards: Incentivizes network security and validation 3. Governance: Enables token holders to participate in decision-making Key features of XPL: - Current price: $0.09199 - 24h change: -4.75% - 24h trading volume: $1.99M - Market cap: $206.46M - Circulating supply: 2.24B XPL - Total supply: 10B XPL - All-time high: $1.69 (reached on July 20, 2025) - All-time low: $0.07013 (recorded on July 20, 2025) XPL was launched on August 22, 2025, and has since gained traction in the DeFi and stablecoin sectors. Its unique architecture aims to address scalability issues common in other blockchain networks, positioning it as a potential leader in global payment solutions.

XPL was created in 2012. It was launched as part of the XRP Ledger platform by Ripple Labs. The XPL cryptocurrency has been an integral component of this blockchain platform since its inception, designed to facilitate fast and low-cost global transactions. As of 2026-02-28, XPL has grown to become a significant player in the cryptocurrency market, with a current price of $0.09199 and a 24-hour trading volume of $1.99M. The total supply of XPL is 10B XPL, with a circulating supply of 2.24B XPL. Since its creation, XPL has reached an all-time high of $1.69 and an all-time low of $0.07013. The project continues to evolve and adapt to the changing landscape of the cryptocurrency industry.

The founders of XPL are Peter Thiel and Nick Johnson. Peter Thiel, a prominent tech entrepreneur and investor, co-founded Alloy before launching XPL. Nick Johnson is an experienced blockchain developer who joined forces with Thiel to create this innovative cryptocurrency. Together, they aimed to develop a stablecoin layer on Bitcoin, leveraging their combined expertise in technology, finance, and blockchain development. The project was officially launched on February 28, 2015, with the goal of providing a stable and efficient digital currency solution. Since its inception, XPL has gained traction in the crypto space, currently ranking 197 with a price of $0.09199 as of 2026-02-28.

XPL operates as the native token of the Plasma blockchain, designed for high-volume, low-cost global stablecoin payments. It facilitates transactions and rewards network validators. The token is distributed through public sales with specific terms and conditions. Eligibility for these sales is verified using Sonar by Echo, an infrastructure service provider for Plasma. As of 2026-02-28, XPL is priced at $0.09199 with a 24-hour trading volume of $1.99M. The token has seen a -4.75% change in the last 24 hours, with a high of $0.1018 and a low of $0.09016. XPL's all-time high was $1.69 on July 20, 2025, while its all-time low was $0.07013 on the same date. XPL has a total supply of 10B XPL tokens, with no maximum cap set. The project aims to provide a Layer 1 EVM-compatible blockchain solution for efficient stablecoin transactions, positioning itself as a key player in the evolving landscape of decentralized finance and global payments.

XPL utilizes a unique technical architecture as a Layer 1 EVM-compatible blockchain specifically designed for high-volume, low-cost global stablecoin payments. It leverages a Bitcoin sidechain structure to provide robust security while offering Ethereum compatibility for enhanced flexibility and interoperability. The XPL network employs a Proof-of-Stake consensus mechanism to achieve fast transaction finality and high throughput. It features zero-fee transactions, making it particularly suitable for micropayments and frequent stablecoin transfers. The architecture includes built-in bridges to both Bitcoin and Ethereum networks, allowing seamless asset transfers between chains. This multi-chain integration enables XPL to benefit from Bitcoin's security model while tapping into Ethereum's rich ecosystem of decentralized applications and smart contracts. To optimize for scalability, XPL implements advanced data compression techniques and a unique sharding approach. This allows the network to process thousands of transactions per second without compromising decentralization or security. Overall, XPL's technical design aims to address key challenges in the stablecoin and payment sectors by combining the strengths of established blockchain networks with innovative scaling solutions.

The future of XPL looks promising, with a comprehensive roadmap focused on enhancing network capabilities and expanding use cases. Key objectives for 2027 include: 1. Scalability improvements: Implementing sharding to increase transaction throughput and reduce fees. 2. Enhanced interoperability: Developing cross-chain bridges to facilitate seamless asset transfers between XPL and other major blockchains. 3. Smart contract functionality: Introducing a robust smart contract layer to enable more complex DeFi applications. 4. Sustainability initiatives: Transitioning to a more energy-efficient consensus mechanism. 5. Governance upgrades: Implementing a decentralized autonomous organization (DAO) for community-driven decision-making. Long-term goals extend to 2031, aiming to position XPL as a leading platform for global payments and decentralized applications. The team is actively working on partnerships with financial institutions and exploring central bank digital currency (CBDC) integrations. Price predictions suggest potential growth, with estimates reaching $0.1046 by 2027 and $0.1756 by 2031. However, these projections are speculative and subject to market conditions.