Plume Network: Current Landscape & Momentum
Market Data Snapshot
According to CoinMarketCap, PLUME is trading around $0.09705 USD. (CoinMarketCap)
Circulating supply: ~ 3,034,573,413 PLUME (out of 10,000,000,000 max supply) (CoinMarketCap)
Market cap: approximately $294.5 million USD (CoinMarketCap)
24-hour trading volume: ~$38.9 million USD (CoinMarketCap)
On other market sources, PLUME is quoted at ~$0.10 USD with similar circulating supply and market cap metrics. (Kraken)
RWA / On-Chain Metrics
Using RWA.xyz data for Plume:
MetricValue30-day ChangeRWA Value (onchain)~$168.38 million USD–2.95 % (RWA.xyz)RWA Holders~204,410 addresses+4.85 % (RWA.xyz)RWA 30d Transfer Volume~$502.27 million+35.20 % (RWA.xyz)Asset Count160 distinct RWA types(Stable) (RWA.xyz)Stablecoin Market Cap on Plume~$164.58 million+4.36 % (RWA.xyz)
These figures indicate steady growth in usage, especially in transaction volume (RWA transfers), even while the RWA value has a slight contraction over the past month.
Recent Announcements & Strategic Moves
SEC Transfer Agent Approval
Plume was reportedly granted approval by the U.S. SEC to operate as a transfer agent, allowing it to manage on-chain securities, record ownership, and facilitate issuance and dividends. This is a significant stride in bridging traditional securities regulation with blockchain infrastructure. (Messari)Nightfall Privacy Layer Deployment
On September 19, 2025, Plume integrated Nightfall (a zero-knowledge proof protocol) as a Layer-3 privacy solution. This enables confidential transactions of tokenized assets while preserving compliance and auditability. (Messari)Apollo Credit Strategy / ACRDX Launch
Plume partnered with Centrifuge and Apollo to launch the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX). The fund, anchored by $50 million from Grove, aims to bring institutional credit strategies on-chain via Plume’s infrastructure. (Messari)Native USDC & CCTP V2 Go Live
Native USDC support and the Cross-Chain Transfer Protocol (CCTP) V2 were activated on Plume around September 23, 2025. This enhances stablecoin interoperability and facilitates compliant cross-chain stablecoin transfers. (Messari)USD1 Stablecoin & Multichain Vision Partnership
Plume aligned with World Liberty Financial’s USD1 stablecoin initiative, positioning USD1 as an official reserve or stable asset within Plume’s RWA ecosystem. (PR Newswire)Ecosystem Fund & Asset Tokenization Push
In a Binance Square deep dive, Plume disclosed plans for a $25 million ecosystem fund, incubating use cases like carbon credits and art tokenization. (Binance)
Strengths, Risks & What to Watch
✅ Strengths & Catalysts
Institutional & regulatory positioning: SEC transfer agent approval and on-chain securities management ability give Plume a regulatory edge for tokenized finance.
Privacy + compliance combo: Nightfall layer allows private yet auditable transactions, a strong attractor for institutional participants.
Growing transaction flows: The surge in RWA transfer volume is positive, showing capital mobility and usage.
Stablecoin and cross-chain upgrades: Native USDC + CCTP V2 reduce friction and counter reliance on third-party bridges or wrappers.
⚠️ Risks & Challenges
Valuation and price pressure: The token price is well below earlier highs, and volatility remains a concern.
Token unlocks and dilution: Future emissions could put downward pressure if demand doesn’t keep up.
Regulatory complexity: Operating as a transfer agent is promising but carries high scrutiny and ongoing compliance burdens.
RWA value contraction: Slight drops in on-chain RWA value suggest sensitivity to asset performance or withdrawals.
🔍 Key Watchpoints
How the market absorbs upcoming token unlocks or emissions.
Whether the SEC transfer agent status translates into real institutional issuance via Plume.
Trends in RWA value (not just volume) — sustained growth in value is a stronger indicator.
New asset classes tokenized (art, commodities, credit instruments) and adoption in emerging markets.
@Plume - RWA Chain #Plume $PLUME