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Is PLUME Network the Next ONDO Finance? 39x Potential Ahead
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By now, I have called many times that RWA is currently the hottest crypto sector. It’s also likely to stay hot. Current projections for 2030 range from a $16 trillion to $30 trillion market. Larry Fink, BlackRock’s CEO, is a big tokenization fan. What else can I say to convince you?
However, today, I will look into a medium cap RWA project, Plume Network. It’s the up and coming, rising new RWA star. I will compare it with Ondo Finance as well. So, what are we waiting for? Let’s dive in.
What Is Plume Network ($PLUME)
Plume Network ($PLUME) is all about RWAs. It has some unique features that make it stand out. Plume is still in its testnet phase, but its mainnet is imminent. However, its $PLUME token TGE already took place in January 2025.
very important update
|——————|
| MAINNET |
| IS |
| COMING |
| SOON|
|——————|
(\__/) ||
(•ㅅ•) ||
/ づ— Plume – RWAfi L1 (@plumenetwork) March 7, 2025
Ever since, Plume launched four important features. As there are,
Plume Chain
Existing Layer 1 and Layer 2 chains are not equipped for RWA requirements. These are scalability, security, and most importantly, compliance. Ondo also launched its own Ondo Chain during their recent Ondo Summit in NYC. Pretty much for the same reasons.
The Plume chain is also the first full-stack Layer 1 blockchain. This accommodates their RWAfi or Real-World Asset Finance. This should bring TradFi to DeFi for retail. On the other hand, Ondo Finance caters to institutions. See Plume as a Robinhood 2.0 and Ondo as Wall Street 2.0. The good thing is that they already work together. More on this later.
Source: Plume blog
Now, the Plume chain offers three features.
Plume x Ondo partnership will be the beacon of RWAs
RWAs will be a trillion $ industry by 2030, so I am very bullish on Plume.
Plume is the largest RWAfi ecosystem, built for retail as Robinhood 2.0, while Ondo caters to institutions as Wall Street 2.0.
With 3.75M users, 280M+… https://t.co/6Pltfv831Z pic.twitter.com/EZofhexBAQ
— Finish
(@0xFinish) February 14, 2025
Arc — Tokenization Engine
This simplifies bringing RWAs onchain. For example, it offers compliance workflows.
Passport — Smart Wallets
This allows you to store contract code with your EOAs. These are Externally Owned Accounts. This passport embeds custody and compliance directly into the wallet. This allows you to stake, collateralize, or integrate your RWAs into DeFi. The latter opens yield earning options. So, Passport offers a different infrastructure whilst staying compliant. Standard wallets don’t offer this.
Introducing Plume Passport: Your RWAfi Wallet
Plume Passport is your seamless connection to Plume’s ecosystem. From tokenization to staking and governance, it’s your all-in-one wallet for managing RWAs onchain.
Here’s what’s coming
pic.twitter.com/JeT4vspUEL
— Plume – RWAfi L1 (@plumenetwork) January 10, 2025
Nexus — Data Highway
This offers efficient, real-time data integration. It unlocks various unique opportunities. For instance, you can bet on economic indicators or leverage tokenized luxury goods. For this it uses various oracles, like Supra, SEDA, or Oraichain.
Introducing Plume Nexus: Your Real-World Data Provider
In collaboration with leading oracle partners, we’re launching an onchain data highway designed for efficient, real-time data integration.
Here’s what you need to know
— Plume – RWAfi L1 (@plumenetwork) January 29, 2025
So, as you can see, this is all geared to retail. Ondo, on the other hand, offers two yield bearing stablecoins, $USDY and $OUSG. Ondo backs them both with short-term US treasuries. Check my recent Ondo video about how many $ONDO you need to become a millionaire.
Plume Network Ecosystem and Funding
Plume Network is still a young project. There were three co-founders, Chris Yin, Teddy Pornprinya, and Eugene Shen. So, for such a young project, it already has an extensive ecosystem. Plume currently boasts over 180 dApps and projects. That’s impressive.
For example, Walrus, Sui’s storage solution, is one of them. Pond is one of their newest partners, that offers AI-Powered risk intelligence. So, Plume is active in acquiring new partnerships all the time. That’s a positive development.
Data storage interoperability is the right Move for scalable RWAfi.
We’re thrilled to partner with @WalrusProtocol to integrate them as our chosen blob storage solution. Through Walrus, apps on Plume will have secure, programmable storage crucial for verified asset data. pic.twitter.com/xVMOGrZ9Pw
— Plume – RWAfi L1 (@plumenetwork) March 11, 2025
Ondo Finance has been around since 2021. It currently has just under 100 projects in its ecosystem. Plume is one of them. So, it’s good to see that they partnered up. Ondo brings $USDY yield to Plume.
$USDY to Bring RWA Yield to Plume Network
USDY will go live on @plumenetwork upon mainnet, bringing tokenized US treasuries to a blockchain purpose-built for composable RWAfi.https://t.co/KyOxWdMxms pic.twitter.com/eOfcg6H53C
— Ondo Finance (@OndoFinance) December 30, 2024
To clarify, Plume Network has its own $pUSD stablecoin. You can use this in Plume’s RWAfi ecosystem.
Now, if we look at Plume’s funding, it had two funding rounds. A seed funding round that netted $10 million. In its recent Series A, Plume managed to raise another $20 million.
However, the big news the other day was the YZiLabs investment in Plume Network. This was at an undisclosed number. What is of importance here is that YZiLabs is the rebranding of Binance Labs.As expected, this pumped the $PLUME price to a new ATH of almost 25 cents within days.
Source: X
Ondo Finance raised $46 million in 2021 and 2022.
$PLUME Tokenomics
The current $PLUME price is 20 cents. There’s a max supply of 10 billion $PLUME out of which 2 billion circulate. That’s not too bad for a new project. 7% of the supply was for an airdrop.
The current market cap is $391 million. After the YZiLabs announcement, $PLUME reached a new ATH of almost 25 cents, only a day ago. We saw some profit taking, that’s why the current price is at 20 cents. That’s no surprise, so it’s a good entry point.
However, vesting is not that great. Until January 2026 it’s fine, but after that expect some big unlocks. Other than that, the tokenomics look good. See the picture below for the $PLUME vesting schedule.
Source: Plume Tokenomics
The current $ONDO price is 83 cents with a $2.6 billion market cap. Out of 10 billion $ONDO tokens, 3.1 billion circulate. So, it’s not that different to Plume. However, $PLUME with $ONDO’s market cap would put $PLUME at a $16 price, or a 66x. This proves $PLUMEs mid-cap gem status.
So, to recap, Plume Network and its $PLUME token should be on your radar. RWA is a super-hot sector with massive growth potential. Plume is the new shining star in this sector. If you want to be early, this is not too late!
So, what do you think of Plume Network and RWA? Are you interested in RWA, Ondo, or Plume? Let me know in the comments, and don’t forget to take part in our lively discussions on Discord and X.
Disclaimer
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March 22, 2025 at 06:58AM
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