Key Points

• YZI Labs announced a new investment in Plume Network to support the RWAfi ecosystem.
• The announcement triggered a significant price surge for the project’s token PLUME.

YZi Labs announced an investment in Plume Network, boosting the project’s digital asset’s price.

Plume Network is a fully integrated modular blockchain that’s built for RWAs. YZi Labs, formerly known as Binance Labs, and invests in Web3, AI, and biotech projects.

YZi Labs’ Investment in Plume Network

In an official announcement via X, YZi Labs revealed that it invested in Plume Network which is a fully integrated modular blockchain that’s built specifically for RWAs.

The company’s investment will support bringing RWAs on-chain to unlock capital and drive more adoption.

The Plume project is building an EVM-compatible environment that:

• Enables the onboarding of a diverse set of RWAs
• Plugs RWAs into a composable RWAfi ecosystem, giving them utility
• Bridges the gap between the DeFi and traditional finance
• Seeks to unlock the full potential of RWAfi

According to the announcement, Plume’s mission is to create blockchain infrastructure available to both crypto users and institutions.

Via Plume, users can access various assets including:

• Traditional financial instruments
• Carbon credits
• GPUs
• Alternative assets
• Collectibles

Users can use the assets across their RWAfi ecosystem to:

• Swap
• Lend/borrow
• Earn
• Speculate

Plume Will Scale Further With YZi Labs’ Investment

Overall, Plume brings the real world on-chain, making it easier for users to interact with RWAs like any other crypto.

Plume had a successful testnet that exceeded 18 million wallets and partnerships with over 180 protocols.

YZi Labs’ investment in the project will help it scale further, solidifying its position as a leader in the RWAfi ecosystem.

Max Coniglio, Investment Director at YZi Labs expressed the firm’s excitement to support Plume in advancing the RWAfi ecosystem.

Chris Yin, the co-founder and CEO of Plume expressed his gratitude for believing in their vision and supporting them as they bring RWAs into the crypto economy.

Following the announcement, PLUME price spiked significantly.

PLUME, up by 17% Today

At the moment of writing this article, PLUME is trading above $0.17, with a market cap of over $338 million.

The coin recorded a price spike of around 9% following this important investment announcement by YZi Labs and the coin is up by around 17% in the past 24 hours.

On March 21, PLUME will also see a token unlock of around 1% of the total supply.