What is Plume Network (PLUME)?
Plume Network (PLUME) is a modular Layer 1 blockchain designed specifically for tokenising real-world assets (RWAs). It provides a composable, EVM-compatible environment that enhances the liquidity, accessibility, and efficiency of RWAs through staking, yield farming, and DeFi integration. By simplifying on-chain asset tokenisation, Plume aims to bridge traditional finance with blockchain technology.
How does Plume Network (PLUME) work?
Plume initially leveraged Arbitrum Nitro technology for scalability but has since transitioned to its own Layer 1 architecture. Key components include:
- Proof of Representation consensus mechanism – Uses cryptoeconomic incentives to secure tokenised assets without centralised control.
- Modular architecture – Features Arc (smart contracts), Smart Wallets, and Nexus (data integration tools).
- Compliance and data integration – Ensures seamless regulatory adherence for RWA tokenisation.
- Eco-friendly and scalable – Offers low transaction fees while minimising energy consumption.
Plume also employs smart contracts for governance, transaction automation, and DeFi integrations.
What are the potential use cases for Plume Network (PLUME)?
Plume is designed to bridge real-world assets with decentralised finance (DeFi). Key applications include:
- Tokenisation of assets – Bringing real estate, commodities, and intellectual property on-chain.
- DeFi liquidity and trading – Enhancing accessibility and liquidity for tokenised assets.
- Cross-chain compatibility – Expanding RWA use cases across multiple blockchain networks.
Notable partnerships include:
- Ondo Finance, Celestia, and LayerZero – Supporting ecosystem growth and DeFi integration.
- Haun Ventures – Provided $10 million in seed funding to accelerate development.
What is the history of Plume Network (PLUME)?
Plume Network was co-founded in 2023 by Ava Lin, Victor Cruz, and Chris Yin. Since its inception, it has achieved several key milestones:
- Raised $10 million in seed funding from Haun Ventures.
- Successfully tokenised $4 billion worth of assets.
- Recorded 18 million network addresses and 280 million transactions.
- Expanded its ecosystem to over 180 protocols with DeFi and compliance-focused features.
As a leader in RWA tokenisation, Plume continues to scale its ecosystem, integrating regulatory compliance, decentralised finance, and innovative blockchain solutions to reshape asset ownership and trading.