XPL (Plasma) up 11.65% in 24 hours, with a market capitalization of approximately $309 million

Gate News Bot Message, December 31st, according to CoinMarketCap data, as of press time, XPL (Plasma) is currently priced at $0.17, up 11.65% in the past 24 hours, with a high of $0.17 and a low of $0.13. The 24-hour trading volume reached $107 million. The current market capitalization is approximately $309 million, an increase of $32.3 million from yesterday. Currently, XPL ranks 124th.

Plasma is a high-performance layer-one blockchain tailored for stablecoins, designed from the ground up for stablecoin applications, providing near-instant, zero-fee payments and institutional-grade security. The network supports 1,000 transactions per second and has a block time of less than 1 second. It currently supports over 25 stablecoins, covering more than 100 countries, serving over 100 currencies, and offering more than 200 payment methods. Plasma has accumulated over $7 billion in stablecoin deposits, making it the fourth-largest USD₮ asset network globally, with over 100 ecosystem partnerships. The project has received investment support from well-known institutions such as Founders Fund, Framework, and Flow Traders.

Important recent news about XPL:

1️⃣ Plasma Bridge Security Upgrade Rebuilds Ecosystem Confidence
The Plasma Bridge has resumed operation and introduced several new security measures, including a seven-day withdrawal delay and hardware custody of core contracts. The upgrade of security mechanisms helps rebuild market confidence in network security and lays a solid foundation for long-term ecosystem development. This series of security enhancements reflects the project team’s systematic response to past risk events, further consolidating Plasma’s position as a provider of institutional-grade security.

2️⃣ On-Chain Compensation Mechanism Innovation Drives Ecosystem Compliance Progress
The “Shib Owes You” compensation plan launched by the Shiba Inu team is executed via smart contracts, deploying claim NFTs on the Ethereum blockchain, with all compensation processes completed on-chain and audited for security. This standardized on-chain compensation model provides a replicable solution for the DeFi ecosystem, highlighting the importance of Plasma as stablecoin infrastructure and demonstrating the ecosystem’s ongoing evolution toward higher compliance and transparency standards.

3️⃣ Market Liquidity and Trading Activity Continue to Maintain Healthy Levels
Recently, XPL’s trading volume has remained above $100 million, indicating stable market participation. Against the backdrop of continuous infrastructure improvements and enhanced security measures within the Plasma ecosystem, sustained trading activity provides sufficient market capacity for price appreciation.

This message is not investment advice. Investors should be aware of market volatility risks.