Plume Network (PLUME) is a gem in the RWA sector. It still has a relatively small market cap and, thus, plenty of growth potential.
Chris Yin, Teddy Pornprinya, and Eugene Shen founded Plume Network in 2023. This resulted in its token launch in January 2025. Plume also built a public and EVM compatible blockchain. The team did this, since existing chains can’t deal with all the features a dedicated RWA chain needs.
Plume’s chain is built from scratch. This allows it to manage the tokenization process and the tokenized assets. Currently, this chain is still in its testnet phase. However, its mainnet could launch this month or early June. Its testnet was successful with 18 million wallets and 280 million transactions. Launching its mainnet should give a boost to the protocol and its $PLUME token.
Source: Plume website
Plume brings TradFi onchain and gives it real utility. It designed its chain for usable RWAs, not for tokenized wrappers. Plume brings traditionally inaccessible assets onchain. Like, private credit, ETFs, or commodities. Most importantly, you can use them like real DeFi. In other words, stake, swap, lend, borrow, or loop these tokenized assets. Use them like crypto native assets.
This makes Plume Network like an ecosystem that is designed for RWAfi. So, first we will see its mainnet launch. After that, you can expect phased onboarding. Each phase will unlock more use cases. This will also include more assets and DeFi integrations.
Phase Alpha should be completed anytime now. That was the first mainnet phase, but it’s not public. However, the Genesis phase is the next step and should be public.
Another feature that stands out is that YZi Labs invested in Plume. You may know this as Binance Labs, before it rebranded.
Plume has four core products that make it tick. These are important for us, the users. So, let’s take a closer look at them.
As already discussed, currently in testnet. However, mainnet is imminent. On the Plume chain, you can find three more core products.
Arc simplifies bringing RWAs onchain. It’s the full stack tokenization engine for RWAs.
Besides its native $PLUME token, Plume also has its own stablecoin. That’s $pUSD. You can use this for payments, trading, or as collateral within Plume’s RWAfi ecosystem.
This is the RWAfi Wallet. It embeds custody and compliance straight into the wallet. It offers all the DeFi options whilst it is compliant.
Devs have three other tools to help them.
Skylink allows for abstract yield distribution. It’s integrated with Layer Zero.
Nexus offers efficient, real-time data integration. It does this by using oracles.
That’s an essential tool; it’s the Software Development Kit.
The current $PLUME price is around 16 cents. It has a market cap of $383 million. A nice mid-range market cap. Out of the max and total supply of 10 billion $PLUME tokens, only 2.4 billion currently circulate. That’s not great but can also be expected from such a young project.
$PLUME is the native token. It has various use cases, like,
However, vesting is an issue with $PLUME. Vesting started on day 1. In July, token unlocks will even become bigger. Early investors and core contributors will add monthly unlocks. So, that might get messy. 4 However, with a bull run at our hands, and the RWA narrative, emissions may get absorbed. That’s not a guarantee, but a possibility.
Source: Icodrops
So, all in all, I am still excited about Plume. It has good growth potential. Possibly a 10x? What do you think? Let me know in the comments and join our social media on X and Discord.
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