Plume - First Blockchain with RWA + DA Modular + Based team
During bull, investors go all in for the next narrative
Institutions invests heavily in RWA infrastructure
An easy 10x from here, with already more than 15+ projects that will be deployed
First RWA + DA Modular + Based team from Binance, Coinbase, LayerZero 🧵👇
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🔷 Narrative 🔷
The traction that @plumenetwork gained is massive and its network effects will be huge.
More than a dozen projects already deploying on testnet @silverkoix, @libertum_token, @Farmsent_io, @buktrips, @DeFi_credit
In conversations with 50+ more projects
Grew from 6k to 24k followers in 3 days after @CelestiaOrg and team announcement
They are actively looking through ambassador applications as they increase their marketing footprint so I would expect to see more activities happening around them
Furthermore, @plumenetwork is riding on a multi-narrative hype:
L2 narrative: They are built on @arbitrum Orbit
$TIA Data availability narrative: Integrating with @CelestiaOrg
RWA: Building innovative tech optimized for RWA operations
🔷 RWA insights 🔷
In the RWA market, there are huge opportunities with a market size of $5B and it has been growing rapidly in 2023.
For just active loans alone, it was a total market size of $1.5B. Currently, it only stands at $500M. It has at least 3x the potential from here.
And in terms of treasury products, its a pretty new addition and we are at $870M.
In essence, these insights tell us that they RWA market has lots of room for growth.
And 7 years later, the Fat protocol thesis still stands today. And given that much value in RWA, a L2 focused on that would yield a lot of +EV
L2 for RWA
Raise a healthy amount to fund the ecosystem growth and grants
Launch with a well-built ecosystem and low float
Layer success translates into projects success
🔷 About Plume 🔷
@plumenetwork represents a Layer 2 solution tailored for Real World Assets (RWA) along with new on-chain capital
It utilizes several approaches to make it possible by:
incorporating asset tokenization and capital/compliance software directly into the chain
establishing a secure and cost-efficient ecosystem
supporting the trading of RWA assets with its DeFi ecosystem
RWAs are among the hottest buzzwords in crypto fuelled by investments into this realm from instiutions and nationwide efforts like Project Guardian which surfaced in Q4 2023.
But RWA still faces major gaps in the market:
Composability
Operational efficiency of onboarding / deploying
Liquidity and finding the right buyers
So @plumenetwork aims to address all 3 and truly enable RWA mainstream adoption.
But Plume takes this onto a whole new level = RWA + Modularity
Compliance can be baked into the state machine
Modularity provides new ways for platform operators and asset issuers to monetize
Instant settlement & low fees
Plume is also a compliant L2 that many native integrations with RWA required tech making it easier for developer and investors:
Assets: transfer agents, licensed Alternative Trading Systems (ATSs), tokenization, and more.
Capital: encompassing KYC/AML processes, account abstraction, custodians, and more.
🔷 Catalysts 🔷
Plume is capable to host a any real world assets including tokenized real estate, hotel rooms, collectibles (sneakers, watches, trading cards, etc.), renewable infrastructure (solar farms, carbon credits, RECsetc.), wine & whiskey, web3 shopping/marketplaces, stablecoins, and private credit
It is building a DeFi ecosystem centered around RWA such as: AMMs, NFT RWA Perp DEXs, RWA borrow/lend, etc.
Incentives
For any new ecosystem there’s always some level of incentive to beef up the ecosystem so for any interested projects that want to build on Plume, I highly suggest chatting with the team to learn more 👀
Also, there will be an incentivized Testnet in early March just right after ETH Denver
Team
Very rarely I see dox teams and their team credentials strengthened my conviction in @plumenetwork
Cofounders are both tradfi + crypto native and have a vast amount of industry relevant experience: Coinbase, Binance, dYdX, Robinhood Crypto, Daiwa Securities, Scale Venture Partners
Core team is from tradfi, large L1s and other centralized exchanges: BNB Chain, LayerZero, Nansen, Microsoft, Galaxy Digital, JP Morgan Chase
Project Developments
Over the next 2 weeks it will be packed load of announcements on this front, so watch out.
One of the first developments is @PerperNetwork, building on Plume!
Thier Perper Euro-backed stablecoin, which enables secure, fast, and efficient transactions, fully licensed and regulated by the Capital Market Commission of Montenegro.
Twitter: https://twitter.com/arndxt_xo/status/1752328778376990752