YZi Labs invests in Plume Network
YZi Labs announces a significant investment in Plume Network. This is a strategic move aimed at promoting the integration of traditional assets into the blockchain space. Plume is building an EVM-compatible environment that not only supports bringing various types of real assets on-chain but also integrates them into the RWAfi ecosystem with flexible combinations.
Plume demonstrates development potential by successfully completing the testnet phase with over 18 million crypto wallets. The project has established partnerships with over 180 protocols in the blockchain field. Plume's main goal is to create a blockchain infrastructure suitable for both cryptocurrency users and traditional financial institutions.
Following the announcement, the price of the PLUME token is trending positively. This cryptocurrency is currently trading at 0.1759 USD, an increase of nearly 20%. The 24h volume surged by 258.92% to 79.96 million USD. The project's market capitalization reached 351.85 million USD.
With this new capital, Plume will expand its operations, reinforcing its leading position in the RWAfi ecosystem. The project will continue to enhance its presence in emerging markets and strengthen the connection of more financial institutions to its platform. This reflects a long-term strategy to bridge the gap between traditional finance and decentralized finance.