Gate News Bot news, on October 14, according to CoinMarketCap data, as of the time of writing, XPL (Plasma) is currently priced at $0.41, falling 11.71% in the last 24 hours, with a high of $0.92 and a low of $0.31. The current market capitalization is approximately $744 million.
Plasma is a high-performance Layer 1 blockchain designed specifically for stablecoins. It aims to provide near-instant, fee-free payments for stablecoins, with institutional-grade security. Plasma can process over 1000 transactions per second, with a block time of less than 1 second. The project has support from well-known institutions including Bitfinex, Founders Fund, Framework, and others.
Important news about XPL recently:
1️⃣ **Market volatility intensifies, XPL price falls sharply**