Plume Network Prepares for Mainnet Launch with Strategic Partnerships and Funding
According to EmberCN, the Plume Network, an L1 blockchain dedicated to RWAfi, is nearing its mainnet launch with several strategic moves. Plume has integrated Ondo Finance, a leading RWA project, into its ecosystem, incorporating Ondo's tokenized U.S. Treasury product USDY. Plume is the first and currently the only L1 designed specifically for RWAfi, making this partnership significant. Additionally, Plume, in collaboration with investment firms like Mechanism and Galaxy, has established a $25 million RWAfi ecosystem fund to support early-stage RWA projects. The network has already attracted over 180 RWA protocols and aims to bring more into its ecosystem with this funding. Furthermore, Plume's staking protocol, Nest, has secured $28.6 million in deposits before the mainnet launch, adding to the $36 million previously raised through StakeStone, bringing the total TVL to $64 million. These developments are focused on expanding the RWAfi ecosystem within Plume, highlighting the importance of a robust ecosystem for a blockchain project.
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@EmberCNAnalyst about On-chain Analysis