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Gate News Bot Message, February 12th, according to CoinMarketCap data, as of press time, XPL (Plasma) is currently priced at $0.09, up 17.37% in the past 24 hours, reaching a high of $0.09 and a low of $0.07. The 24-hour trading volume is $111 million. The current market cap is approximately $169 million, an increase of $25 million from yesterday.
Plasma is a high-performance layer-one blockchain designed specifically for stablecoins, offering near-instant, ultra-low-cost payment experiences with institutional-grade security. The network supports over 1,000 transactions per second, with a block time of less than 1 second. It currently supports more than 25 stablecoins, with a total stablecoin deposit of $7 billion, making it the fourth-largest USDT asset network globally. Plasma has received investments from well-known institutions such as Founders Fund, Framework Ventures, Flow Traders, and DRW, and is driving the digital transformation of the global financial system.