Plume Network Launches Mainnet, Achieves $1.5 Billion On-Chain Capital Utilization

Plume Network, backed by YZi Labs and Apollo, has announced the launch of its public mainnet, Plume Genesis. This significant development is aimed at advancing the Real World Asset Financing (RWAfi) ecosystem. During its alpha phase, the Plume Network successfully achieved a $1.5 billion on-chain capital utilization, demonstrating its potential and effectiveness in the market.

Plume Genesis stands out as the first comprehensive infrastructure to offer true DeFi composability for real-world assets. It supports the on-chain representation of institutional-grade Real World Assets (RWA), attracting over 200 ecosystem projects, including notable names such as Superstate, Blackstone, and Invesco. With the mainnet now live, users can access the Plume Portal for position management, yield optimization, and utilize the PLUME token for staking and governance.

Looking ahead, Plume has ambitious plans to introduce additional asset categories, such as art, precious metals, and trading cards. This expansion is expected to further diversify the use cases within the RWAfi ecosystem, making it more robust and versatile. The introduction of these new asset categories will not only attract a broader range of users but also enhance the overall liquidity and utility of the platform.

The launch of Plume Genesis marks a pivotal moment in the evolution of the RWAfi ecosystem. By providing a seamless and secure infrastructure for real-world asset representation, Plume Network is poised to revolutionize the way financial instruments are managed and traded on the blockchain. The successful alpha phase and the growing list of ecosystem projects underscore the platform's potential to become a leading player in the DeFi space.