Plasma (XPL)
Unlock Schedule
Plasma (XPL) Token Unlock & Vesting Schedule
As of October 16, 2026, 3.53 billion XPL have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 2.73 billion XPL (all estimated) mostly from Ecosystem and Growth — 40% of initial supply and Team — 25% of initial supply, worth about $234.49 million at today's price (60.58% of the market cap). The next release is on October 25, 2026: an estimated 227.78 million XPL from Ecosystem and Growth — 40% of initial supply, Investors — 25% of initial supply and Team — 25% of initial supply.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Plasma created 10 billion XPL at mainnet beta launch. The original allocation divided that supply into four groups:
- 40% for ecosystem and growth programs
- 25% for the team
- 25% for investors
- 10% for the public sale
These shares describe the initial distribution, rather than a fixed limit on all XPL that could ever exist. The project’s plan allows new tokens to be issued for validator rewards when external validators and stake delegation are introduced. (plasma.org)
The release schedule spreads much of the original allocation over time. Part of the ecosystem allocation was available at launch, with the remainder set to unlock monthly over three years. Team and investor allocations follow a one-year cliff and later monthly releases. Plasma stated that public-sale tokens bought by U.S. participants would unlock on July 28, 2026. (plasma.org)
XPL’s core jobs are paying network fees and supporting validators. Plasma’s published validator plan starts rewards at 5% annual inflation, stepping down by half a percentage point each year to a 3% baseline; that schedule activates when external validators and delegation go live. Plasma also says base transaction fees are burned, removing those paid XPL tokens from supply. Some Plasma One rewards programs can deliver cashback in XPL, and a separate program allows users to lock XPL for certain account tiers. (plasma.org)
Upcoming XPL Releases
| Period | Allocation | Type | Amount | Value |
|---|---|---|---|---|
| Oct 16 – 31, 2026 | Ecosystem and Growth — 40% of initial supply | Vesting, estimated | 88.9M | $7.6M |
| Team — 25% of initial supply | Vesting, estimated | 69.4M | $6M | |
| Investors — 25% of initial supply | Vesting, estimated | 69.4M | $6M | |
| Nov 2026 | Ecosystem and Growth — 40% of initial supply | Vesting, estimated | 88.9M | $7.6M |
| Team — 25% of initial supply | Vesting, estimated | 69.4M | $6M | |
| Investors — 25% of initial supply | Vesting, estimated | 69.4M | $6M | |
| Total, next 12 months | 2.7B | $234.5M | ||
Values at $0.086 per XPL (October 16, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
Plasma began with 10 billion XPL allocated to the public sale, ecosystem growth, team and investors. The ecosystem, team and investor budgets have published launch, cliff or monthly unlock terms through September 2028, although individual monthly dates and some token-level rounding are estimated. Other named reward and marketing budgets have incomplete payment schedules, and the public sale's geographic split is unknown; these programs must not be added on top of the genesis allocations. Validator inflation could increase supply without a cap, but its activation and dated issuance are not established here, so the chart can quantify only the supported genesis-budget unlocks and separately identified distributions.
- Public sale — 10% of initial supply: The sources give the amount but no release dates.
- PoS validator and staker issuance: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- Stablecoin Collective member reserve — 0.025% of initial supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Binance Earn Plasma USDT product rewards — 1% of initial supply: The sources give the amount but no release dates.
- Binance post-listing marketing allocation — 0.5% of initial supply: The sources give the amount but no release dates.
- Binance later marketing allocation — 1.5% of initial supply: The sources give the amount but no release dates.
- 1. https://www.plasma.org/company/blog/xpl-the-public-sale-and-its-role-in-the-plasma-ecosystem
- 2. https://www.plasma.org/company/blog/plasma-mainnet-beta-and-xpl
- 3. https://www.plasma.org/company/blog/plasma-and-binance-earn
- 4. https://www.binance.com/en/support/announcement/detail/91356460b6424d1792e5200ecfa5ae37
- 5. https://www.binance.com/en/support/announcement/detail/b00f28d55c924614b1953484c64dd6f9
- 6. https://www.plasma.org/company/blog/aave-plasma-global-credit-layer
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 4 markets on Binance, OKX, Hyperliquid and Lighter · $119.9M open interest
Binance (CEX) | 16M | 217K/418K |
OKX (CEX) | 7.5M | 179K/215K |
Bybit (CEX) | 5.5M | 189K/322K |
![]() Coinbase (CEX) | 2.7M | 153K/289K |
Binance (CEX) | 2.5M | 109K/135K |
Binance (CEX) | 2.2M | 30K/46K |
Bitget (CEX) | 1.6M | 86K/143K |
Kraken (CEX) | 1.4M | 72K/95K |
Gate.io (CEX) | 1.1M | 256K/308K |
![]() MEXC (CEX) | 1.1M | 89K/91K |
KuCoin (CEX) | 650K | 64K/77K |
Kraken (CEX) | 264K | 54K/61K |
OKX (CEX) | 120K | 46K/49K |
HTX (CEX) | 85K | 1.4K/1.2K |
Binance (CEX) | 69K | 46K/45K |
![]() MEXC (CEX) | 58K | 25K/54K |
OKX (CEX) | 34K | 14K/13K |
OKX (CEX) | 8.6K | 16K/16K |
Binance (CEX) | 6.8K | 9.8K/10K |
![]() Pancakeswap V3 (BNB) | 121 | 39/39 |
Allocations
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 4 markets on Binance, OKX, Hyperliquid and Lighter · $119.9M open interest
Binance (CEX) | 16M | 217K/418K |
OKX (CEX) | 7.5M | 179K/215K |
Bybit (CEX) | 5.5M | 189K/322K |
![]() Coinbase (CEX) | 2.7M | 153K/289K |
Binance (CEX) | 2.5M | 109K/135K |
Binance (CEX) | 2.2M | 30K/46K |
Bitget (CEX) | 1.6M | 86K/143K |
Kraken (CEX) | 1.4M | 72K/95K |
Gate.io (CEX) | 1.1M | 256K/308K |
![]() MEXC (CEX) | 1.1M | 89K/91K |
KuCoin (CEX) | 650K | 64K/77K |
Kraken (CEX) | 264K | 54K/61K |
OKX (CEX) | 120K | 46K/49K |
HTX (CEX) | 85K | 1.4K/1.2K |
Binance (CEX) | 69K | 46K/45K |
![]() MEXC (CEX) | 58K | 25K/54K |
OKX (CEX) | 34K | 14K/13K |
OKX (CEX) | 8.6K | 16K/16K |
Binance (CEX) | 6.8K | 9.8K/10K |
![]() Pancakeswap V3 (BNB) | 121 | 39/39 |


