I have been paying attention to Plume, and the day before yesterday they just released their Q1 summary. I took a look at their progress, mainly three things:
(1) Launched Skylink, connecting 17 chains to allow the cross-chain flow of RWA yields, including hot chains like Solana and Injective. This is the first real large-scale cross-chain RWA liquidity experiment.
(2) $PLUME has been officially listed in Grayscale Assets Under Consideration. Being noticed by Grayscale means it may potentially be included in the mainstream capital products pool in the future, enjoying the benefits of long-term capital inflows.
(3) Apollo Global's first investment in a crypto project. As the world's third-largest private equity giant, Apollo betting on Plume is a clear signal of traditional capital's investment in the RWA sector.
The fundamentals still show that it is progressing step by step, but the coin price has been oscillating between 0.15 and 0.2 for a long time.
It feels like it will eventually be discovered for its value in the spot market. If you missed Ondo, don't miss Plume; their strength and background are quite similar.
