XPL Rallies After Plasma Reveals Collaboration with Daylight Energy – Crypto News – Crypto News
Connect with us
XPL Rallies After Plasma Reveals Collaboration with Daylight Energy XPL Rallies After Plasma Reveals Collaboration with Daylight Energy

De-fi

XPL Rallies After Plasma Reveals Collaboration with Daylight Energy – Crypto News

Published

2 months ago

on

Daylight’s GRID stablecoin and sGRID yield-bearing token connect decentralized finance with energy revenues.

Plasma’s native token XPL surged after the stablecoin-focused Layer 1 blockchain unveiled a partnership with Daylight Energy to launch GRID, a stablecoin, and sGRID, a yield-bearing token.

Following the announcement, XPL rose 10%, trading at $0.325 with a market capitalization of $607 million.

According to Plasma – which has a total value locked (TVL) of $2.7 billion – GRID will be issued by M0, fully backed, and redeemable instantly. Meanwhile, sGRID will allow holders to earn a yield based on Daylight Energy’s electricity revenues.

The companies said this is the first time investors can gain on-chain exposure to electricity yields through a single token. The partnership underscores how blockchain is increasingly connecting with real-world infrastructure to create new and innovative ways for investors to earn yield.

“Our power grids are straining from an explosion in electricity demand, with rates outpacing inflation and blackouts surging,” Plasma writes. “We’re partnering with @Daylightenergy_ to solve this on-chain and give anyone access to electricity-backed returns via 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 focused heavily on stablecoins and other yield-bearing assets.

This comes as the stablecoin sector’s total market capitalization has surpassed $304 billion, up significantly from $206 billion at the start of the year, according to DeFiLlama.

The news of the GRID and sGRID follows several recent moves by Plasma, including a separate partnership with oracle provider Chainlink and decentralized finance (DeFi) lending protocol Aave to expand its ecosystem.

And prior to that, Swarm, a regulated DeFi platform with a TVL of around $7 million, announced plans to launch nine tokenized equities on the Plasma blockchain ahead of its mainnet.

Related Topics:
Continue Reading

Trending