Plasma

Plasma is a Layer 1 blockchain designed specifically for stablecoin payments on a global scale. It aims to solve the problem of costly and restricted access to dollar-denominated financial services by offering zero-fee USD transfers and letting applications define their own gas tokens. The intended users are anyone who wants to send or receive stablecoins without relying on traditional financial infrastructure.

Plasma is categorized as a Layer 1 blockchain operating within the BNB Chain ecosystem, though the data stored here does not specify its consensus algorithm or typical block time beyond recording a block interval of zero minutes. The XPL token exists within the network and is associated with gas and transaction mechanics, and the chain currently hosts roughly 1.32 billion dollars worth of stablecoin supply. Beyond these points, the technical consensus detail is not available in the data provided.

The protocol recorded fees of 16,780 dollars over the trailing 30 days and 173,856.61 dollars over the trailing 12 months, with an annualized fee figure of 204,156.67 dollars extrapolated from the 30-day run rate. All fees flow entirely to the protocol — the take rate is 100 percent over the trailing 30 days, meaning supply-side participants such as validators or liquidity providers received zero dollars in revenue-sharing over that same period. The market capitalization divided by annualized fees stands at 1,719.52, and the fully diluted valuation divided by annualized fees stands at 3,793.05. Fee growth over the trailing 30 days was negative 11.76 percent.