Plasma (XPL) Coin Check
Plasma is a layer 1 blockchain designed for stablecoins, and XPL is needed for validator staking, more complex DeFi transactions, deploying smart contracts and governance. Basic USDT transfers do not require XPL because they are subsidized, and staking and external validators are not yet live as of 09/2026.
The analysis in detail
Founders, investors, token distribution, lockups and unlocks at a glance, with sources and dates.
Who bought when at what price, and how much is still coming to the market.
The most important risks with evidence, plus how overheated Plasma is compared with its own history.
What speaks against the project and what to watch out for.
The full analysis for Plasma and more than 1,000 other coins
Tokenomics, team, risks and utility – six pillars, one grade. From the COMPASS plan.
See plansFrequently asked questions
What is Plasma?
Plasma is a layer 1 blockchain designed for stablecoins, and XPL is needed for validator staking, more complex DeFi transactions, deploying smart contracts and governance. Basic USDT transfers do not require XPL because they are subsidized, and staking and external validators are not yet live as of 09/2026.
How does CryptoCompass rate Plasma?
With an overall grade of 3.0 (51 out of 100) across six pillars: tokenomics, team, utility, security, execution and relevance. Grades range from 1.0 (very strong) to 5.0 (very weak). The reasoning for each pillar is inside CryptoCompass.
How far is Plasma from its all-time high?
The all-time high of XPL is $1.68 (27 Sept 2025). On 22 Oct 2026, XPL trades at $0.0799, which is 95% below it.
Is the grade a buy recommendation?
No. We rate the structure of the project, not the price. A good grade says nothing about whether the price is currently cheap. Not investment advice.
More coins in the Coin Check
We rate the structure of the project, not the price. Not investment advice. Crypto is highly risky and a total loss is possible. Price data: CoinGecko, as of 22 Oct 2026.