Plasma

Plasma (XPL) is a digital asset operating within the cryptocurrency ecosystem. It is designed to function as a medium of exchange and store of value.

The Plasma network features a native cryptocurrency with a specific set of technical characteristics. This native token utilizes a decimal system where 1 unit is divided into 8 smaller parts. The network itself is referred to as the 'Plasma' chain.

In addition to its native form, Plasma (XPL) also exists as a token on the BNB Smart Chain. This token adheres to the BEP-20 standard, a widely adopted token standard on the BNB Smart Chain. The BEP-20 version of XPL has 18 decimal places, meaning one unit can be subdivided into a larger number of smaller fractions compared to its native counterpart.

The contract address for the Plasma (XPL) token on the BNB Smart Chain is provided as 0x405fbc9004d857903bfd6b3357792d71a50726b0. This address serves as the unique identifier for the token on the BNB Smart Chain ledger.

The dual existence of Plasma (XPL) on its native chain and as a token on another prominent blockchain highlights its potential for interoperability and wider accessibility within the digital asset landscape.

The native chain of Plasma is characterized by its own blockchain infrastructure, facilitating the operation and transaction of its native cryptocurrency. The choice of 8 decimals for the native token indicates a design decision that may influence the granularity of transactions and the overall supply representation.

The BEP-20 token standard on BNB Smart Chain is known for its flexibility and compatibility with decentralized applications (dApps) and smart contracts. By existing as a BEP-20 token, Plasma (XPL) can potentially leverage the extensive ecosystem and infrastructure of the BNB Smart Chain.

The status of Plasma (XPL) is indicated as 'active', suggesting that the network and its associated token are currently operational and available for use.

The 'is_stablecoin' parameter is set to 'false', meaning that Plasma (XPL) is not designed to maintain a stable value relative to a fiat currency or other assets. This implies that its price may be subject to market volatility.

Understanding the different forms and chains on which Plasma (XPL) operates is crucial for users and developers interacting with the asset. The distinction between the native chain and the BEP-20 token on BNB Smart Chain affects how transactions are handled, the precision of amounts, and the surrounding ecosystem.

The Plasma network aims to provide a platform for various applications and services, with its native cryptocurrency serving as the underlying utility token. The specific use cases and functionalities of the Plasma network are determined by its development team and community.

The presence of multiple chain integrations can enhance liquidity and broaden the reach of a digital asset. For Plasma (XPL), this means it can be accessed and traded within different blockchain environments.

The token standard, particularly BEP-20, plays a significant role in how a token interacts with wallets, exchanges, and decentralized platforms. The adoption of BEP-20 for XPL on BNB Smart Chain facilitates its integration into this popular ecosystem.

The contract address is a critical piece of information for verifying the authenticity of the token and for interacting with it programmatically. It ensures that users are interacting with the correct instance of the Plasma token on the BNB Smart Chain.

In summary, Plasma (XPL) is a cryptocurrency that exists in both native and tokenized forms, offering flexibility and integration possibilities across different blockchain networks.

Last updated: 2026-07-28 17:32 UTC

Data source: Price and volume snapshots are sourced from Binance using the XPLUSDT market feed.

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