Overview

• XPL began trading on Sept. 25 on Binance, OKX, Bybit, Bitget and Gate, jumping to about $1.54 in early action before retracing.
• Plasma reported roughly $2 billion in stablecoin liquidity at launch, with third‑party trackers showing the total rising above $3 billion within 24 hours.
• Binance earmarked 75 million XPL for its HODLer Airdrops, and Plasma evenly distributed a 25 million‑token bonus worth about $8,390 per pre‑depositor, boosting engagement.
• The network opened with a 10 billion XPL genesis supply and about 1.8 billion circulating, using an inflationary issuance that starts near 5% and tapers toward a 3% floor.
• Backers include Founders Fund, Bitfinex and Tether’s Paolo Ardoino, and launch integrations brought Tether’s USD₮0 and XAU₮0, LayerZero and Chainlink support, plus DeFi partners such as Aave.