OKX Begins Pre-Market Trading for XPL Stablecoin Blockchain

OKX is set to initiate pre-market trading for Plasma (XPL), a Layer 1 blockchain for stablecoins, at 7:00 PM (UTC+8) on August 28, 2025.

The event could reshape the crypto market landscape, boosting liquidity and potentially impacting major assets like Ethereum, Tron, and Bitcoin with Plasma’s high scalability and security features.

XPL Pre-Market Launch Aims for Stablecoin Dominance

OKX officially announced the launch of pre-market trading for XPL, Plasma’s native token. This aligns with its ongoing development of a Layer 1 blockchain designed for stablecoin activities, aiming to enhance performance, scalability, and security. OKX emphasizes strategic leadership and execution for this launch.

The launch alters the stablecoin landscape by offering gasless, fee-free transactions. This could attract users from Ethereum and Tron, potentially reshaping liquidity flows. Immediate implications include enhanced integrations for DeFi applications.

Plasma’s XPL token sale is scheduled for July 17, offering 10% of the total XPL supply to participants who deposited tokens during the vault phase. The sale has already generated significant interest, with $1 billion in deposits—double the initial $500 million target.

XPL Token’s Market Impact and Regulatory Strategy Discussed

Did you know? The initial interest in XPL’s token sale was double the anticipated target, drawing parallels to the ICO boom, highlighting the resurgence in public token launches.

Based on data from CoinMarketCap, Plasma’s current price sits at $0.52 with a fully diluted market cap of $5.17 billion. Despite an 80.96% drop in daily trading volume, the coin experienced a remarkable increase over one week, highlighting a dramatic 214.01% rise, emphasizing investor confidence.

Coincu highlights how the Plasma blockchain could drive a shift in market dynamics due to its focus on scalability and stablecoin transactions. However, regulatory strategies remain crucial, especially with the 12-month lock-up for U.S. investors, ensuring continued scrutiny and compliance.