Plasma

Plasma generated $220.5K in gross revenue from Sep 2025 to Apr 2026 (211 days), with $220.5K retained as net revenue. $220.5K accrued to XPL token holders. Its primary token utilities include Network Security, Staking Rewards, and Gas Token.

This averages $$1.0K in daily gross revenue across the tracked period.

XPL accrues value through 1 mechanism: Direct Token Burn.

• Direct Token Burn: Base fees paid for all transactions on Plasma are permanently burned following the EIP-1559 model. This fee burning is designed to balance new emissions from validator rewards and combat overall inflation.

Yes, Plasma burns or redistributes XPL tokens via Direct Token Burn. In 2026, approximately $25.4K worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $25.4K
• 2025: $195.2K

XPL serves 3 primary functions within the Plasma ecosystem: Network Security, Staking Rewards, and Gas Token. The protocol generates fees from user activity, with a portion distributed back to XPL holders. Value flows back to token holders through Direct Token Burn.

Token utilities:

• Network Security: XPL validators stake tokens as collateral to participate in PlasmaBFT consensus and secure the network through Proof-of-Stake. The protocol uses reward slashing rather than stake slashing as its penalty mechanism.
• Staking Rewards: Validator rewards begin at 5% annual inflation in the first year, decreasing by 0.5% per year until reaching a 3% baseline. These rewards are distributed to stakers through validators.
• Gas Token: XPL functions as the native gas token for all non-trivial transactions on the Plasma L1 network. Transaction fees are calculated using the standard EVM gas model, with most standard transactions costing less than one cent.

Value accrual mechanisms:

• Direct Token Burn: Base fees paid for all transactions on Plasma are permanently burned following the EIP-1559 model. This fee burning is designed to balance new emissions from validator rewards and combat overall inflation.

In 2026, Plasma generated $25.4K in gross revenue. Of that, $25.4K was distributed to token holders.

Year-by-year revenue breakdown:

• 2026: $25.4K gross revenue — $25.4K to holders
• 2025: $195.2K gross revenue — $195.2K to holders

Plasma's gross revenue has decreased by 76.8% over the past 90 days compared to the prior 90-day period, from $87.6K to $20.3K.

• Recent 90d daily average: $233/day
• Prior 90d daily average: $973/day