Plasma (XPL) Price Surges 35% After Launch: A New Crypto Contender?

Plasma (XPL) price skyrocketed 35% after its launch, fueled by Binance listing, Bybit partnership, and a massive $3.14 billion TVL. Is this the next big thing in crypto?

Plasma (XPL) Price Surges 35% After Launch: A New Crypto Contender?

Plasma (XPL) is making waves! After launching on September 25, 2025, this Bitfinex-backed Layer 1 blockchain saw its token price jump 35%, driven by strategic exchange listings and impressive adoption.

What is Plasma and Why the Hype?

Plasma aims to provide low-cost, high-speed transfers, especially for Tether's USDT, challenging competitors like Arc Blockchain and Tempo. Within 24 hours of launch, it attracted over $3 billion in Total Value Locked (TVL), making it the eighth-largest blockchain almost overnight. This explosive growth is partly thanks to its listing on Binance and a partnership with crypto-wallet provider Backpack.

The Price Pump: 35% and Counting?

The XPL token price rallied 35% on Friday, hitting a high of $1.43, with a market cap reaching $2.5 billion and daily volume exceeding $5 billion. This surge is fueled by several factors:

• Binance Listing: Plasma is now live on Binance, with promotions offering 12,500,000 XPL in token vouchers.
• Bybit Partnership: Bybit, the world's second-largest exchange, listed XPL, enabling zero-fee USDT deposits and withdrawals.
• Community Incentives: Bybit's