What Is Plume (PLUME)? A Guide to the RWA Layer-2 and How to Trade It

In the evolving landscape of cryptocurrency, Plume Network emerges as a specialized blockchain platform designed to integrate real-world assets (RWAs) into the digital economy. By transforming tangible assets like real estate and commodities into tradable digital tokens, Plume aims to unlock new levels of liquidity and accessibility for investors. This guide explores the fundamentals of Plume, its native token PLUME, and how you can engage with this innovative project on Phemex.

Quick Facts About Plume (PLUME)

• Ticker Symbol: PLUME

• Chain: Modular Layer-2 on Ethereum

• Circulating Supply: Approximately 2.65 Billion PLUME

• Max Supply: 10 Billion PLUME

• Primary Use Case: Real-World Asset (RWA) Tokenization and Finance (RWAfi)

• Availability on Phemex: Yes (Spot, Futures)

What Is Plume?

Plume is a modular Layer-2 blockchain built on Ethereum, specifically designed for the next evolution of Real-World Assets (RWAs). It's not just about tokenizing assets; Plume is creating a seamless way for users to interact with RWAs just like native crypto assets—enabling activities like staking, swapping, lending, and borrowing. By integrating institutional-grade assets with the versatile tools of decentralized finance (DeFi), Plume makes traditionally inaccessible markets such as private credit, ETFs, and commodities permissionless and easily accessible.

The core problem Plume solves is the friction and complexity that have historically siloed traditional finance from the blockchain world. It provides a comprehensive infrastructure for asset tokenization, compliance, and cross-chain composability, aiming to bridge the gap and bring new capital on-chain. This focus has attracted over 200 protocols to build within its ecosystem, signaling strong industry confidence. To explore this further, consider visiting the Phemex Academy for more on "crypto trading guides."

How Many PLUME Are There?

The Plume Network has a fixed total supply of 10 billion PLUME tokens. At the time of its Token Generation Event (TGE), 20% of the total supply was introduced into circulation.

The allocation of the PLUME tokens is structured to support the long-term health and decentralization of the network:

• Community, Ecosystem & Foundation (59%): The majority of tokens are dedicated to fostering growth through grants, community incentives, validator rewards, and providing liquidity.

• Early Backers (21%): This portion is allocated to strategic partners and investors who contributed to Plume's initial development.

• Core Contributors (20%): Reserved for the team responsible for the engineering, product, and operational development of the Plume Network.

What Does PLUME Do?

The PLUME token is the native utility token of the Plume Network and is essential for the ecosystem's functionality. The primary PLUME use case is multifaceted, designed to power transactions, governance, and growth.

Key utilities of the PLUME token include:

• Gas Fees: All transaction fees on the Plume Network are paid in PLUME.

• Governance: Holders of PLUME can participate in the network's decision-making process by voting on key proposals, upgrades, and the future direction of the protocol.

• Staking: Users can stake their PLUME tokens to help secure the network. In return for their contribution, stakers receive rewards, creating an incentive to support the network's integrity.

• Ecosystem Incentives: PLUME is used to reward users for participating in community activities, quests, and referral programs, driving engagement and user adoption.

For those interested in participating, Phemex offers options to "Trade PLUME."

PLUME vs. Ondo Finance (ONDO)

While both Plume and Ondo Finance are prominent players in the RWA space, they serve different, yet complementary, roles in the ecosystem. Plume provides the foundational blockchain infrastructure, whereas Ondo focuses on creating and issuing tokenized financial products.

Notably, the two projects have partnered, with Ondo planning to natively issue its tokenized U.S. Treasuries on the Plume Network, highlighting their synergistic relationship.

The Technology Behind Plume

Plume's technical foundation is a modular Layer-2 blockchain engineered for efficiency and scalability in the RWA sector. It utilizes the Arbitrum Nitro stack, ensuring full EVM compatibility, which allows developers to easily migrate and build applications. For data availability, Plume integrates with Celestia, a design choice that significantly reduces transaction costs and enhances network performance.

A standout feature is Plume’s integrated infrastructure for RWAfi, which includes on-chain compliance tools to meet regulatory requirements for KYC (Know Your Customer) and AML (Anti-Money Laundering). This focus on compliance is crucial for attracting institutional capital. The platform supports a diverse ecosystem, enabling the tokenization of assets ranging from private credit and ETFs to more unique items like GPUs and uranium. Its architecture is built for composability, meaning these tokenized RWAs can be seamlessly used across various DeFi protocols for lending, borrowing, and creating complex investment strategies.

Team & Origins

Plume was founded by a team with deep expertise across both traditional finance and the cryptocurrency sector. The co-founders include Chris Yin (CEO), Teddy Pornprinya (Chief Business Officer), and Eugene Shen (CTO). Their collective professional experience includes leadership roles at prominent companies such as Scale Venture Partners, Binance, Coinbase Ventures, dYdX, and Robinhood Crypto. The broader team reinforces this expertise, with members hailing from respected institutions like Galaxy Digital, LayerZero, and JPMorgan, creating a powerful blend of financial acumen and blockchain innovation.

Key News & Events

Plume Network has rapidly gained traction with a series of significant developments and partnerships.

• Ecosystem Growth: The platform has successfully onboarded over 200 protocols and projects into its ecosystem, demonstrating strong developer and partner interest.

• Strategic Partnerships: Plume has forged collaborations with major institutions and asset managers, including a key partnership with Ondo Finance to bring tokenized U.S. Treasuries natively to its network.

• Exchange Listings: The PLUME token was recently listed on major exchanges, accompanied by a HODLer Airdrop to drive community engagement and distribution.

• Testnet Success: Prior to its mainnet launch, Plume's testnet saw impressive engagement, with millions of wallets created and hundreds of millions of transactions processed, indicating a robust and active community.

Traders should stay updated on the latest "News about PLUME" to follow its continued progress.

Is PLUME a Good Investment?

Evaluating PLUME as an investment requires a careful look at its potential and associated risks. The project's dedicated focus on the RWA sector—a market with trillions of dollars in potential—positions it at a critical intersection of traditional and decentralized finance. Its institutional-grade compliance features, strong team backing, and rapidly growing ecosystem are compelling factors that could drive long-term value.

However, as with any cryptocurrency investment, PLUME is subject to market volatility and regulatory uncertainties. The project is still in its early stages, and its ultimate success will depend on its ability to onboard high-quality assets, attract substantial liquidity, and achieve widespread adoption. Investors should perform their own due diligence, considering the project's fundamentals, market positioning, and their personal risk tolerance. For up-to-date "PLUME price" information, you can visit the Phemex Markets page.

Disclaimer: This is not financial advice. Crypto trading involves risks; only invest what you can afford to lose.

How to Buy PLUME on Phemex

For those looking to get involved with the Plume Network, Phemex provides a straightforward platform to acquire PLUME tokens. To learn about the specific steps, please refer to our detailed guide on "How to buy PLUME" on the Phemex Academy.

FAQs

What problem does Plume Network solve?
Plume Network bridges the gap between traditional finance and DeFi by creating a specialized Layer-2 blockchain that simplifies the tokenization, management, and trading of real-world assets (RWAs) in a compliant and composable ecosystem.

What is the utility of the PLUME token?
The PLUME token is used for paying transaction fees (gas), staking to secure the network, participating in governance votes, and receiving ecosystem incentives for community engagement.

How does Plume differ from Ondo Finance?
Plume is a foundational Layer-2 blockchain (infrastructure) for RWA projects to build upon, while Ondo Finance is a platform that creates and issues specific tokenized financial products (like tokenized U.S. Treasuries) that can operate on chains like Plume.

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