Plasma

Plasma is a Layer 1 blockchain designed specifically to serve as infrastructure for stablecoin payments at a global scale. It aims to make USD-denominated transfers free of charge and allows transactions to be settled using custom gas tokens rather than a native coin, which its creators say removes a common barrier to everyday use. The project targets anyone who wants permissionless access to dollar-denominated financial services, particularly in regions underserved by traditional banking.

Plasma operates as its own independent blockchain, though the data on file does not specify the consensus algorithm it uses. Blocks are produced extremely rapidly, with a block time recorded as effectively zero minutes, suggesting near-instant finality. The XPL token exists within this chain, and because fees and revenue figures match exactly in the data, the protocol retains all fees collected rather than distributing any portion to liquidity providers or validators — the supply-side revenue for the trailing 30 days is recorded as zero.

Over the trailing 24 hours, the protocol collected 344 USD in fees, all of which was retained as protocol revenue, reflecting a take rate of 100 percent for the trailing 30-day period. Trailing 30-day fees totalled 9,099 USD, and trailing 12-month fees reached 242,294 USD; annualizing from the 30-day figure gives an annualized fee run rate of 110,704.50 USD. Fee and revenue growth over the last 30 days was 116.35 percent, though the base was modest. No fees flow to supply-side participants such as liquidity providers or stakers based on the data stored here.