Followin' the announcement on March 17 that YZi Labs invested in the RWAfi project Plume, the market has attracted widespread attention. This round of financing is Plume's third round of financing after two consecutive rounds in May and December last year, representing the high recognition of the market capital market for Plume's RWAfi narrative and its development potential.
This financing not only has raised market expectations and valuations for the Plume ecosystem, but also has further accelerated market attention to Plume under this major positive stimulus. The PLUME token price has surged from $0.14 to $0.19 in a short period of time, with a daily increase of up to 35%. Against the backdrop of favorable policies, with the implementation of this round of financing, the Plume ecosystem will enter a period of accelerated development. As the ecosystem construction continues to advance, Plume is expected to usher in a larger market breakthrough, while continuously promoting the prosperous development of the RWAfi track and continuing to usher in an outbreak.
Plume: The First On-chain Ecosystem Positioned on RWAfi
Plume is the first on-chain ecosystem in the industry positioned on RWAfi, and it has launched the first L1 public chain designed specifically for RWAfi (real-world asset finance). As the only blockchain built to protect hundreds of trillions of RWA assets, Plume aims to redefine the RWAfi market with a non-KYC, permissionless structure, providing crypto-native users with an efficient, transparent and convenient infrastructure to help traditional financial assets and crypto assets achieve seamless integration. The core advantage of the Plume project lies in its unique RWAfi ecosystem, which uses Web3 to drive the comprehensive upgrade of traditional financial assets.
As the first EVM-compatible chain focused on RWA, it can launch a full stack of tools in a modular way to serve various RWAfi applications. Currently, Plume has launched core components including the tokenization engine Arc, smart wallet and off-chain data system Nexus, which not only can simplify and optimize the tokenization process, but also can quickly complete the tokenization of physical assets and digital assets under compliance, and seamlessly connect with off-chain compliance systems and data systems. It supports asset storage, trading and yield generation operations. In addition, the smart wallet integrates various DeFi functions such as yield farming and lending, helping users fully explore the potential of their tokenized assets in the on-chain ecosystem. The introduction of off-chain data sources converts real-time market information into on-chain available data, enhancing the accuracy of asset pricing and trading, further enhancing the market liquidity of RWA.
From the perspective of Plume's ecosystem concept, it prioritizes the community and empowers the buyers, targeting retail users, Web3 natives and the crypto economy, making RWA a truly bottom-up financial movement that is not dominated by institutions. With Plume, it will become the key to unlocking the true liquidity of RWA, and RWAs will form a very complete closed loop, forming a flow and circulation of value. If Robinhood has changed stock trading, then Plume is doing the same thing, driving the transformation of RWAfi, and truly achieving RWA for people. It is for this reason that Plume is hailed as Robinhood 2.0.
As the most representative ecosystem in the RWAfi track, Plume currently has 18 million wallets, 3.75 million active users and 265 million transactions. At the same time, the Plume ecosystem now has more than 180 RWA applications and protocols, and top-tier financial institutions such as Ondo, Royco, Blackrock, Hamilton Lane, and Franklin Templeton, as well as blue-chip projects, have chosen Plume to deploy RWA, fully demonstrating Plume's position and potential in the RWA field.
YZi Labs' High Recognition of Plume
In fact, since last year, YZi Labs has been continuously focusing on the RWA track and has invested in many high-quality RWA projects. In the new market stage, we see that YZi Labs still regards RWA as one of its key investment directions. In YZi Labs' investment in Plume, it has given high praise to the Plume project.
Max Coniglio, Investment Director of YZi Labs, said: "YZi Labs is committed to investing in projects that use blockchain to create real value, and Plume is a model - it unlocks capital by on-chaining real assets, expanding accessibility, and accelerating industry adoption. Plume makes RWAs as easy to use as digital assets, thereby connecting traditional finance and DeFi to drive broader adoption. We are excited to support their continued development in the RWAfi ecosystem."
It can be seen that YZi Labs' investment in Plume not only is a key layout in the new development stage of the crypto market, but also represents YZi Labs' high recognition of Plume's industry position, influence and long-term development potential in the RWA track.
Important Positive News for the Development of the Plume Ecosystem
From the current development status of the Plume ecosystem, it has made good progress in the market development process of the RWA track, including Ondo, Royco, Qiro Finance, Purpose for Profit, PinLink, and even top-tier financial institutions such as Blackrock, Hamilton Lane, and Franklin Templeton, as well as blue-chip projects, have chosen Plume to deploy RWA.
Similarly, Plume's ARC product is also planned to be launched to the market, focusing on simplifying and streamlining the tokenization process of real-world assets, allowing asset issuers to tokenize stocks, bonds, funds and other assets within minutes. It is reported that the ARC product is expected to be launched in the first quarter of 2025, and will launch $200 million in private and public credit, $100 million in energy transition projects, and $50 million in metals and mining assets. Through Plume's smart accounts and compliance tools, Arc provides issuers with self-custody, KYC automation, and the ability to directly sell tokenized assets, connecting traditional finance and blockchain in an RWAfi manner, creating more institutional-level asset investment opportunities.
With the advancement of this round of financing, Plume has officially entered the Binance ecosystem investment landscape, becoming one of its important deployments in the RWA track. This means that Plume not only has obtained Binance ecosystem investment, but also as an important member of its investment landscape, it will also receive long-term resource tilt, market support and ecosystem support, and form in-depth linkage with the Binance ecosystem. This will undoubtedly greatly accelerate the development of the Plume ecosystem and further enhance Plume's long-term value capture capability, which is an obvious positive boost for the long-term development of the Plume ecosystem.
With the landing of the financing news, PLUME has also surged, with a daily increase of over 35%. This investment event has further accelerated more investors, partners and users to focus on Plume, and PLUME token is currently at its historical high of $0.2.
Similarly, PLUME token has not yet been listed on Binance, and the market also has some speculation about this, so many people believe that this may be a potential positive that has not yet been realized, and may become one of the driving forces for PLUME token to achieve an upward trend. Therefore, after this round of increase, PLUME still has the potential for further upward movement.
Token Market Cap and Valuation Do Not Match, Long-term Upside Potential May Be Dozens of Times
Plume has previously received two rounds of financing, namely a $10 million seed round led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures and Reciprocal Ventures, as well as a $20 million Series A round from Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, HashKey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel and Reciprocal Ventures. In fact, after the two rounds of financing, Plume's valuation has already been among the top in the RWA track.
With the new round of financing provided by YZi Labs, Plume's valuation has been further increased. However, even with PLUME token currently at a high price, its FDV is only $2 billion, compared to other projects in the same track, including Mantra ($OM) with an FDV of about $12.5 billion and Ondo ($ONDO) with an FDV of about $8.5 billion, PLUME token still has a relatively high upside potential.
As for Plume's fundamentals and development potential, it is also superior in the same track, and the token market cap and valuation do not match, so the long-term upside potential may still be dozens of times.
