Plasma’s native token, XPL, soared after the stablecoin-focused Layer 1 blockchain introduced a partnership with Daylight Power and launched GRID, a stablecoin, and sGRID, a yield-bearing token.
Following the announcement, XPL rose 10% to commerce at $0.325, giving it a market cap of $607 million.
In keeping with Plasma, which has a complete worth lock (TVL) of $2.7 billion, GRID might be issued by M0, totally backed and instantly redeemable. sGRID, then again, permits holders to earn yield based mostly on Daylight Power’s electrical energy revenue.
The businesses stated that is the primary time that buyers can get hold of energy era on-chain via a single token. This partnership highlights how blockchain is more and more intertwined with real-world infrastructure, creating new and modern methods for buyers to earn income.
“With costs outpacing inflation and energy outages surging, the explosion in electrical energy demand is straining the ability grid,” Plasma wrote. “We’re partnering with @Daylightenergy_ to unravel this drawback on-chain and provides everybody entry to power-backed income via worthwhile belongings on plasma.”
With GRID and sGRID, Plasma expands its ecosystem of monetizing tokens. The Layer 1 blockchain, which launched its mainnet beta on September 25, 2025, is targeted on stablecoins and different worthwhile belongings.
This comes because the market capitalization of the stablecoin sector has exceeded $304 billion, up from $206 billion originally of the 12 months, in response to DeFiLlama.
The GRID and sGRID information follows a number of latest strikes by Plasma, together with separate partnerships with oracle supplier Chainlink and decentralized finance (DeFi) lending protocol Aave to increase its ecosystem.
And forward of that, Swarm, a regulated DeFi platform with round $7 million TVL, introduced plans to launch 9 tokenized shares on the Plasma blockchain forward of mainnet.
