Plasma TVL Surges Post Mainnet: XPL Price Outlook For October?
With the launch of Stablecoin L1 Plasma, a wave of billions in available volume is expected, intensifying the trading dynamics for XPL within its inaugural month.
Backed by Bitfinex, Plasma is a Layer 1 distributed ledger tailored for stablecoins, which debuted its live network beta along with the native token XPL on September 25. This launch came with integrations into prominent Decentralized finance protocols and immediate listings on major exchanges, indicating a robust market entry.
The new global financial system is here. pic.twitter.com/pkpXia30FS
— Plasma (@PlasmaFDN) September 25, 2025
Upon its launch, XPL was trading slightly over $1; however, the price demonstrated significant fluctuations as early adopters explored available volume.
The influx of stablecoins onto the network escalated rapidly, generating trading activity across Uniswap, PancakeSwap, and centralized exchanges like Binance, OKX, Bitget, and Bitfinex.
Plasma’s goal is clear: to establish itself as a high-throughput, low-cost “money chain” created for large-scale stablecoin transactions. By aligning with both DeFi and centralized exchange partners from the outset, the project has paved the way for swift adoption.
What Links Plasma with Tether’s Growth Narrative?
The launch of Plasma’s mainnet arrived with substantial base level from the stablecoin realm. The initiative claims billions in liquidity are already secured through collaborators such as Aave, Ethena, Fluid, and Euler.
In parallel, the tokenomics provided a well-defined structure: a total supply of 10 billion XPL, with approximately 1.8 billion in circulation at launch. Participants in the public sale, who purchased tokens at $0.05 earlier this year, briefly enjoyed 20x paper profits as trading commenced.
Distributed ledger data indicates that Plasma is embracing a “liquidity-first” strategy. DefiLlama highlights approximately $2.05Bn in stablecoins actively utilized on the protocol, while decentralized trading network transactions remain relatively minimal.
Daily transaction fees remained moderate, approximately $4,200, indicating that the usage beyond stablecoin applications will require time to grow.
To expand its attractiveness, the ecosystem has rolled out products aimed at boosting demand. Swarm, a regulated Decentralized finance network, is preparing to introduce nine tokenized equities, including those from Apple, Microsoft, Tesla, and MicroStrategy, for round-the-clock trading against stablecoins.
Additionally, Plasma launched Plasma One, a “stablecoin-native neobank” aimed at regions like the Middle East, where dollar-pegged digital assets are already in high demand.
Introducing Plasma One: the one app for your money. pic.twitter.com/5IgcCon5g8
— Plasma (@PlasmaFDN) September 22, 2025
However, valuation and liquidity continue to be critical discussion points. The launch suggested a fully diluted valuation of $10Bn, although not all reported circulating tokens will be able to be traded right away.
For instance, participants in the US sale won’t receive their tokens until July 2026, implying that the immediate float is tighter than what the overall figures might indicate.
Experts assert that the project’s emphasis on stablecoins positions it as an indicator of wider crypto market trends.
“Significant crypto prospects like stablecoins always attract attention,” commented a Delphi Digital analyst noting that traders perceive Plasma as a means to leverage Tether’s increasing significance in the digital finance landscape.
Tomorrow $XPL goes live with almost poetic timing
(Tether raising $20B at a $500B valuation, lots of onchain runners, and speculative capital apeing into new launches despite a shaky broader market.)
I think Plasma has a chance to be a massive cook.
Let me break down why I…
— Simon (@simononchain) September 24, 2025
XPL Price Forecast: Is it Possible for XPL to Achieve $3–$5 as Suggested by Some Analysts?
A significant trader has logged one of the swiftest gains this year thanks to Plasma’s launch. On-chain data from Lookonchain reveals that wallet 0x790c deposited $50M in USDT during the public sale, obtaining a $2.7M allocation at $0.05 per crypto token.
Big investor 0x790c deposited 50M $USDT into #Plasma and secured a $2.7M public sale allocation.
He bought 54.09M $XPL($50.4M now) at $0.05 and is now sitting on an unrealized profit of over $47.7M!
Address:
0x790c42D632502949e72Ab0981C2f0D2021141023 pic.twitter.com/PHV45xKpKs— Lookonchain (@lookonchain) September 25, 2025
This trader acquired 54.09M XPL, currently valued around $50.4M, with the coin trading between $0.93 and $1.14, leading to an unrealized profit of $47.7M shortly after the launch.
This significant gain underscores the influx of capital into Plasma, with stablecoin available volume pouring into the protocol. Analysts suggest that large-scale investments can result in sharp price movements and indicate early institutional interest in the chain.
XPL’s perpetual contract chart illustrates the heightened interest from traders. The price surged from the $0.70 range to $1.16 in one trading session, with buyers entering around $0.75–$0.80.
R4ped by my other longs. Rescued by $XPL. Because of this I think $3-5 $XPL seems fair. https://t.co/BEuFgYi7GE pic.twitter.com/Y5H7iP54kz
— VikingXBT (@VikingXBT) September 25, 2025
Each barrier level level at $0.90 and $1.00 was overcome following brief consolidations, marking a typical indication of uptrend movement. Volume spikes near the $0.90 upward movement signal that major participants were actively trading, reiterating the earlier $50M big investor deposit.
The breakthrough above $1.00 was significant as it served as a psychological threshold, affirming the trend’s strength. Should the current momentum persist, price targets could reach $1.50 and $2.00, alongside speculative discussions regarding $3–$5 in the near future. Trader VikingXBT remarked on X: “Rescued by $XPL… I think $3–$5 seems fair.”
Nonetheless, rapid price rallies seldom proceed without corrections. Profit-taking may instigate pullbacks, with immediate base level lying at $1.00 followed by $0.90. Maintaining these levels would keep bulls firmly in control.
For the moment, XPL’s breakthrough showcases a confluence of big investor contributions, new available volume influx, and speculative enthusiasm surrounding Plasma’s mainnet introduction. Expect market fluctuation, although the overarching trend remains decidedly uptrend.
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The article Plasma TVL Erupts Following Live network Launch: XPL Price Forecast for October? first appeared on 99Bitcoins.
