Overview

• XPL began trading on Binance and OKX in step with the token generation event, with additional listings on Bybit, Bitget and Gate.
• Early quotes reached about $1.54, putting XPL’s market capitalization above $2.8 billion based on an initial float near 1.8 billion tokens.
• XPL serves as gas, staking and validator‑reward collateral, with inflation starting near 5% and trending toward about 3%, while simple USDT sends offer zero‑fee transfers.
• Plasma highlights EVM compatibility, a reported stablecoin TVL exceeding $2 billion at launch, and a new consumer app called Plasma One.
• Backers include Peter Thiel’s Founders Fund and Tether’s Paolo Ardoino, with incentives such as 75 million XPL for Binance HODLer Airdrops, 100 million for Binance Earn participants, and a separate XPL bonus to ICO pre‑depositors reported by Decrypt.