Plasma
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Active traders

Short Plasma (XPL)

Use this page to plan a short Plasma trade: confirm weakness on the chart, watch squeeze risk, then check cohort positioning so you know whether major trader groups are already crowded on one side. New to Hyperdash? Create an account or log in, deposit funds from a wallet, card, bank/ACH where available, or exchange deposit, then use the chart and docs to check liquidity, risk, and order flow before opening a trade. · · Read the onboarding docs · Open the terminal · View cohort positioning

Key Trades

Biggest PNLs

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Notional
PNL

Biggest open positions

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Direction
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UPNL

Frequently asked questions

Market information on Hyperdash is informational only and is not financial, investment, legal, or tax advice. Trading Plasma (XPL) involves market risk and may not be suitable for every trader. MethodologyTerms

Crypto perpetual market

Plasma (XPL) market page

Short Plasma (XPL) with leverage on Hyperdash. Live price, real-time funding, and on-chain settlement on Hyperliquid. Open a short position 24/7.

Ticker
XPL
Display name
Plasma
Market class
Crypto perpetual market
Instrument
XPL
Market
XPL

Short Plasma (XPL)

Use this page to plan a short Plasma trade: confirm weakness on the chart, watch squeeze risk, then check cohort positioning so you know whether major trader groups are already crowded on one side. New to Hyperdash? Create an account or log in, deposit funds from a wallet, card, bank/ACH where available, or exchange deposit, then use the chart and docs to check liquidity, risk, and order flow before opening a trade. Create account or log in · Deposit funds · Read the onboarding docs · Open the terminal · View cohort positioning

Frequently asked questions

Should I long or short Plasma?

Long or short Plasma is your call. Review the chart, funding rate, open interest, and recent price action before opening a position. Hyperdash does not provide investment advice.

What is the maximum leverage available on XPL perps?

Hyperdash supports up to 10x leverage on Plasma (XPL) perpetual contracts.

How do I trade Plasma on Hyperliquid?

Trade Plasma (XPL) on Hyperdash, the most advanced trading terminal for Hyperliquid pro traders. Hyperdash gives you live order books, real-time funding and open interest, on-chain cohort analysis, and one-click execution on every Hyperliquid market. Trade Plasma on Hyperdash.

Where does Plasma rank by market cap?

Plasma is currently ranked #142 by total market capitalization across all cryptocurrencies.

What is Plasma's circulating supply?

Approximately 2.6B XPL are in circulation.

How is smart money positioned on Plasma?

The most profitable wallets on Hyperdash are net short Plasma: about 55% of their notional sits on the short side of the trade. View extremely profitable cohort.

How do I trade Plasma perps on Hyperdash?

Connect a wallet, deposit USDC, and place a long or short order on Plasma (XPL) from the Hyperdash terminal. Funding settles every hour and the orderbook is fully on-chain on Hyperliquid. Trade Plasma on Hyperdash.

How do I buy Plasma?

On Hyperdash you can take long Plasma (XPL) exposure through the Hyperliquid perpetual market. Connect a wallet, deposit USDC, and place a buy order. Hyperdash does not custody the underlying asset. Trade Plasma on Hyperdash.

What is Plasma's market cap?

Plasma's circulating market cap is approximately $247.38M, calculated as circulating supply × current price.

What is Plasma's fully diluted valuation?

Plasma's fully diluted valuation is approximately $951.45M, calculated against the maximum eventual token supply.

What is Plasma's all-time high price?

Plasma's all-time high is $1.68, recorded on September 28, 2025.