Plasma One
Visaplasmaby Plasma$1.62M
Card spend · 24h (market)
5.6K
Clearings · 24h
$948.7K
On-chain settled · 24h (1 batch)
$29.03M
On-chain spend · 30d▲ 16% MoM
41.0K
Cards that spent · 30d▲ 4% MoM
$102.30
Avg settlement
1.03M settlements all-time · last Mon, 02 Nov 2026 12:33:34 UTC. “Cards that spent” counts cards with on-chain settlements in the last 30 days — not total sign-ups or funded accounts, which are higher. Plasma One settles once per card per day in a single on-chain batch, so the 24h figure is one clearing batch and is lumpy — the 30d total is the dependable spend number. Why two numbers? “Card spend” is the full purchase volume (market data, all chains). “On-chain settled” is what we independently verify from on-chain settlements on plasma — more, smaller transfers, so the average looks lower.
Spend · daily
Card-rail market share · 30d (18.4%)
$157.5M
rail 30d
- Plasma One18.4%
- Other cards81.6%
openrate.live
Token mix · stablecoins
$105.2M
total
- USDT0100.0%
openrate.live
Active cards · per day
Transactions · per day
Settlement address: 0xc7eda2b178c8488aa98dd1a3711566634d725268 · plasma
Plasma One · card spend·last 24h
$1.03M↑ 81% MoM
Daily card volume · 1.5K cardholders · $671/holder
Plasma leads with 100% of volume
Top 5% drive 48% of spend
1 chain live
Tracked as spend · Rain
Card volume · monthly Live
$103M↑ 81% MoM
$115M$58M$0
11 mo agonow
💳24h Spend
Daily volume
$1.03M↑ 81%
Card spend · last 24h
👥Cardholders
Daily active
1.5K24h
$671 avg / holder
⚡Power Users
Top 5%
77$6.4K/day
drive 48% of all spend
🔗Lead Chain
Plasma
100%chain
of 24h settlement · 1 chain
Overview
Plasma One · key facts
- Card spend · 24h
- $1.03M
- Cardholders · 24h
- 1.5K
- Avg / cardholder
- $671
- Volume · 2026-09
- $102.88M (+81% MoM)
- Network
- Visa
- Issuer
- Rain
- Settlement
- Onchain spend
- Chains live
- 1
- Lead chain
- Plasma · 100%
- Cashback
- XPL token
- Valuation
- $236M (XPL)
- Revenue · yr
- $6.60M
- Employees
- 59
Launched June 2026, scaling fast ($36.9M/30d). Revenue = 1.5% take; cashback paid in XPL (token), so cash cost is low. Valuation = XPL market cap.
Distribution
Plasma One volume by chain · 24h
Volume by chain · 24h
$1.0M
24h
- plasma100.0%
openrate.live
| # | Chain | Volume · 24h | Share |
|---|---|---|---|
| 1 | plasma | $1.03M | 100% |
Cardholders
Who drives Plasma One's traffic
1.5K active · 24h21.1K monthly active✨ 6.6K new this month▼ 17% MoM· $671/holder avg
By cardholders · share of users
$2K
holders
- Whales1.0%
- Business4.0%
- Big spenders15.0%
- Small users80.0%
openrate.live
By money · share of 24h volume
$1.0M
24h vol
- Whales32.0%
- Business30.0%
- Big spenders26.0%
- Small users12.0%
openrate.live
The punchline: just 5% of Plasma One’s cardholders — the whales and businesses — move 62% of the money. Everyone else is mostly buying coffee.
| Cardholder type | Cardholders | % holders | Traffic · 24h | % of traffic | Avg / holder |
|---|---|---|---|---|---|
| 🐋 Whales · Top 1% — largest spenders | 15 | 1% | $329.2K | 32% | $21,946 |
| 🏢 Business · Steady high-volume accounts | 61 | 4% | $308.6K | 30% | $5,059 |
| 💪 Big spenders · Heavy personal users | 230 | 15% | $267.5K | 26% | $1,163 |
| 👤 Small users · Casual / occasional | 1.2K | 80% | $123.4K | 12% | $101 |
Monthly active cardholders
Spend-size tiers modeled from the 24h distribution; active & new-cardholder counts are real.