Plasma One card has reached $1M in average daily spend.
AI & Agents ·
Plasma One card usage has reached an average daily spend level exceeding $1 million, according to recent metrics shared by the product team. The platform also achieved a new weekly spending peak of $6.83 million in its fourth consecutive week, representing an 8.4% week-over-week increase and 31.5% monthly growth since inception. Total value locked across Checkings and Earn products has surpassed $25 million.
Membership activity has accelerated, with 88 new Platinum subscriptions added in the most recent week—the highest weekly tally since the product launched—pushing total Platinum memberships past 1,000. These premium memberships account for 2.2% of circulating XPL supply and 1% of fully diluted supply. Spending concentration remains pronounced: the top 362 accounts, representing the highest 1% of users, generate nearly 45% of total on-chain spending volume.
Growth momentum reflects both expanding user adoption and deepening engagement within the existing base, though sustainability of the current acceleration rate and whether spending distribution will broaden beyond top-tier users remain to be demonstrated.