Plasma’s native token XPL surged after the stablecoin-focused Layer 1 blockchain unveiled a partnership with Daylight Power to launch GRID, a stablecoin, and sGRID, a yield-bearing token.
Following the announcement, XPL rose 10%, buying and selling at $0.325 with a market capitalization of $607 million.
In keeping with Plasma – which has a complete worth locked (TVL) of $2.7 billion – GRID shall be issued by M0, absolutely backed, and redeemable immediately. In the meantime, sGRID will permit holders to earn a yield based mostly on Daylight Power’s electrical energy revenues.
The businesses stated that is the primary time buyers can achieve on-chain publicity to electrical energy yields by way of a single token. The partnership underscores how blockchain is more and more connecting with real-world infrastructure to create new and revolutionary methods for buyers to earn yield.
“Our energy grids are straining from an explosion in electrical energy demand, with charges outpacing inflation and blackouts surging,” Plasma writes. “We’re partnering with @Daylightenergy_ to resolve this on-chain and provides anybody entry to electricity-backed returns by way of its yield-bearing asset on Plasma.”
With GRID and sGRID, Plasma expands its ecosystem of yield-earning tokens. The Layer 1 blockchain, which launched its mainnet beta on Sept. 25, 2025, has targeted closely on stablecoins and different yield-bearing property.
This comes because the stablecoin sector’s whole market capitalization has surpassed $304 billion, up considerably from $206 billion initially of the yr, in accordance with DeFiLlama.
The information of the GRID and sGRID follows a number of latest strikes by Plasma, together with a separate partnership with oracle supplier Chainlink and decentralized finance (DeFi) lending protocol Aave to increase its ecosystem.
And previous to that, Swarm, a regulated DeFi platform with a TVL of round $7 million, introduced plans to launch 9 tokenized equities on the Plasma blockchain forward of its mainnet.
