Here's an overview:
Purpose: Plume Network is a modular Layer 2 blockchain focused on tokenizing and managing Real-World Assets (RWA) with built-in DeFi features.
PLUME Token Use Cases:
- Transaction fees on the network.
- Staking.
- Governance, allowing holders to vote on network upgrades and policies.
- Collateral in DeFi applications.
- Central to the asset tokenization process.
Stablecoin: The Plume ecosystem includes pUSD (Plume USD), a stablecoin backed 1:1 by USDC, used for payments, trading, and collateral.
Supply: The total supply is 10 billion PLUME tokens, with about 2.65billion currently in circulation.
Price and Market Cap (as of September 19, 2025):
- Price: About $0.113041 USD.
- Market Cap: About $299.56 million USD.
- 24-hour Trading Volume: About $42.04 million USD.
- Market Ranking: #167 by market cap.
PLUME dropped 5.38% in the last 24 hours.
Recent Price Movement: After its listing on Binance, PLUME dropped due to profit-taking and selling pressure from an airdrop. It initially saw a spike in volatility, with increased derivatives volume.
Latest Updates and Developments
- Mainnet Smart Contracts Update: Enhanced RWA tokenization logic in Solidity contracts on August 28, 2025.
- Layer 2 Scaling Integration: Nitro rollup adoption for faster RWA settlements on June 9, 2025.
- Security Audit Expansion: Expanded bug bounty program to eight firms on July 21, 2025.
- Partnerships: Plume has a network of financial institutions and service providers, and over 200 projects are building on its network.
