Plasma
XPL #179Project Safety Score: 44%
Updated 1 day agoRecord
Health
Security
Behavioral
& Liquidity
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.
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Paul Faecks - Founder and CEOPrior: Blur, BlastFormerly associated with Blur and Blast; Plasma's team includes members from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei.
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price_drop 2025-09-28XPL token's value dropped over 50% within days of its mainnet launch, leading to speculation about insider selling.
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CoinTelegraph · 2025-10-02
- ✓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
Plasma Exchanges
Top 20 by trust scoreView on Chain
Technical Analysis
Buy / Sell signals
Market Stats
Community Sentiment
Recent News
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Why Plasma’s TVL Surged to $2 Billion: Tether Integration and the Rise of the Stablecoin-Native L1
Plasma price dips amid rising selling pressure
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Plasma Blockchain Reaches 7th by TVL on Tether Wallet Integration