Platelets play a key role in hemostasis through adhesion, aggregation, and granule release. They originate from megakaryocytes and circulate for 8-12 days. When a blood vessel is damaged, platelets adhere to exposed collagen and von Willebrand factor. They change shape, aggregate, and release substances like ADP, TXA2, and granule contents that amplify activation. This forms a platelet plug. Concurrently, the coagulation cascade is activated through intrinsic and extrinsic pathways generating thrombin which converts fibrinogen to fibrin for clot formation. Clot retraction and fibrinolysis complete hemostasis.