Trade Plasma (XPL) perpetuals
Plasma (XPL) is trading at $0.0911, -3.20% over the last 24 hours.
What is Plasma (XPL)?
XPL is the native token of Plasma, a Bitcoin-anchored, EVM-compatible layer-1 blockchain purpose-built for stablecoin payments. The network offers zero-fee USDT transfers via a protocol paymaster, and XPL is used for staking, governance, and gas on non-sponsored transactions.
How do I trade Plasma on Bloxwap?
To trade Plasma (XPL) on Bloxwap, open the app or website and sign in — Bloxwap is non-custodial, so you trade from your own wallet with no signup. Fund your account instantly with Cash App, Bitcoin, a debit card, or an on-ramp; deposits arrive as USDC and sends are gasless. Open the XPL market, set your position size and leverage (up to 10×), then tap up to go long if you expect Plasma to rise, or tap down to short it if you expect it to fall. Bloxwap charges a 0.05% fee per side (0.025% for $BLOXWAP Genesis members), and every position opens, settles, and closes on-chain through Hyperliquid. You can close in one tap, anytime.
Frequently asked questions about Plasma
- What is the maximum leverage for Plasma on Bloxwap?
- Plasma (XPL) can be traded with leverage up to 10× on Bloxwap. Higher leverage amplifies both gains and losses and moves your liquidation price closer, so size positions carefully.
- What are the fees for trading Plasma on Bloxwap?
- Bloxwap charges a 0.05% (5 bps) fee per side to trade Plasma (XPL), reduced to 0.025% for $BLOXWAP Genesis members. Hyperliquid's standard 0.045% taker fee also applies per side. Deposits are free and sends are gasless.
- What is Plasma?
- Plasma is an EVM-compatible layer-1 blockchain built for stablecoin payments, offering zero-fee USDT transfers. XPL is its native token.
- What is XPL used for?
- XPL is used for staking, governance, and gas on transactions that aren't sponsored by the network's stablecoin paymaster.
- When did Plasma launch?
- Plasma's mainnet beta launched in September 2025 with a 10 billion XPL supply, anchoring its data to Bitcoin.
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