Plasma

Plasma

XPL #179
CC 44% L1 Protocol Watch

Project Safety Score: 44%

Updated 1 day ago
PlasmaXPL
Market Cap$216382185
24hr Volume$28625558
24hr Change-0.2%
Price$0.086312
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
62 B
100% · medium
Developer
Health
0 F
100% · medium
Network
Security
45 CC
100% · medium
Social
Behavioral
62 B
60% · low
Adoption
& Liquidity
49 CCC
100% · high

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XPL Plasma Details
Type
L1
Launched
2025
HQ
Unknown
Team
Doxxed
Smart Contract PlatformBNB Chain EcosystemLayer 1 (L1)Binance HODLer AirdropsNeobankEcho Launchpad

Plasma is a layer 1 blockchain established to support the infrastructure for stablecoin payments. It focuses on enabling zero-fee USD₮ transfers and provides custom gas tokens to facilitate access to financial services.

The platform aims to serve as a foundational network for global payments, specifically targeting the integration of stablecoins. Plasma supports a range of financial products designed for efficient transactions in a permissionless environment.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 62 out of 100. The network has been live for 1.3 years, with no regulatory actions recorded (100). There is some historical incident activity, with incident cleanliness rated 80 due to 1 historical incident. Research also raised two additional concern items, reflected in a lower agent red-flag score of 30, which reduces overall assurance but does not eliminate the existence of public operational history.

Developer health score 0 out of 100. Public development signals are currently absent or zero, including 0 GitHub stars, 0 forks, 0 commits in the last 4 weeks, and 0 PR contributors. The specific flag "norecentcommits" aligns with the lack of recent contribution activity in the available records, which materially weakens the safety score because developer momentum and responsiveness are key indicators of ongoing maintenance.

Network security score 46 out of 100. Economic security is moderate at 31 given the current market cap of $278,368,500. The chain age is 1.3 years old, and there is 1 historical incident on record (incident history score 75). Supply structure is a risk factor: there is no hard supply cap (supply cap defined score 50) and only about 25% of total supply is circulating (circulating ratio score 30), which can increase dilution and reduce holder confidence during volatility.

Social and behavioral score 54 out of 100. Social audience metrics are limited but present, with Twitter and Telegram accounts linked and a low combined social audience score of 25. Sentiment is mostly negative, with 20% up and 80% down, matching the "majoritynegativesentiment" flag. Additional research risk signals show 0 allegations, but there is bad press and 1 incident referenced, while regulatory concerns remain at 0, resulting in a middle-of-the-road score.

Liquidity and market dynamics score 54 out of 100. Trading activity is active but not dominant, with 24h volume of $86,431,293 and a daily volume score of 48. Exchange listing coverage is strong at 52 CEX listings, with the exchange listing component rated 100, including 33 green-trust. Market cap tier is scored at 0 based on the provided tier input, which likely offsets the positive listing and liquidity signals.

Inherent crypto risk for Plasma (L1 protocol) remains elevated due to the combination of a young chain (1.3 years), negative sentiment, limited circulating supply relative to total supply, and no hard supply cap, which can amplify volatility and holder dilution risk during market stress. Even where listings are broad, these structural factors can reduce resilience.

  • Paul Faecks - Founder and CEO
    Prior: Blur, Blast
    Formerly associated with Blur and Blast; Plasma's team includes members from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei.
(2025)
Quality: high
Max supply: 10000000000
Team allocation: 40.0%
Investors: 10.0%
Public: 50.0%
Next unlock: 2026-09-25
  • price_drop 2025-09-28
    XPL token's value dropped over 50% within days of its mainnet launch, leading to speculation about insider selling.
  • Founder has a background in reputable companies.
  • Team includes members from established tech and financial institutions.
  • Chain is less than 2 years old
  • No recent code commits
  • No hard cap on total token supply
  • Less than 50% of supply is circulating
  • Allegations of insider selling following significant price drop.
  • Lack of detailed information on team members and advisors.

Price Chart - Plasma

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71%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$1.68
All-Time Low$0.0730
Circulating2505729167
Total Supply10083506944

Community Sentiment

👍 80% 20% 👎

Recent News

Osero raises $13.5M led by Sky Ecosystem to build stablecoin savings on Plasma

general 1 source 5 days, 23 hours ago

Plasma: Funding Rounds and Investments

general 1 source 1 week, 1 day ago

-7.36% for Plasma as sideways consolidation dominates recent trade

general 1 source 1 week, 1 day ago

Split Capital Founder Closes Fund, Cites Shift in Crypto Market

general 1 source 1 week, 5 days ago

Plasma Stablecoin Product Launch in June 2025 Promises Revolutionary Crypto Payments Card and Cashback

general 2 sources 3 weeks, 6 days ago

USDT Now Live on Solana, Plasma, and Ethereum With 1:1 USD Onramps and Offramps: Privy and Ramp

general 1 source 4 weeks, 1 day ago

Why Plasma’s TVL Surged to $2 Billion: Tether Integration and the Rise of the Stablecoin-Native L1

general 1 source 1 month ago

Plasma price dips amid rising selling pressure

general 1 source 1 month ago

Keep an eye on XRP, Plasma, DOGE as BTC price drifts: Crypto Daily

general 1 source 1 month ago

Plasma Blockchain Reaches 7th by TVL on Tether Wallet Integration

general 1 source 1 month ago