🏢Plume 项目解析：合规优先的公链如何成为RWAfi浪潮中的卖铲人？ 随着贝莱德、富兰克林邓普顿等传统金融巨头纷纷入场，现实世界资产代币化（RWA）已成为区块链领域最具确定性的增长赛道。然而，合规门槛高、技术栈割裂、用户体验差等痛点严重仍然制约着RWA的规模化发展。 在此背景下，@plumenetwork 应运而生 —— 一个将合规模块深度融入区块链底层架构的“全栈式”RWA专用公链，正试图为万亿美元的RWA市场扫清障碍，成为该赛道通用的基础设施。

1. What exactly is Plume - A full-stack infrastructure born from compliance, specifically designed for RWA. First of all, @plumenetwork is not just another generic L1/L2 public chain. On the contrary, its positioning is extremely clear: it aims to become the preferred on-chain compliance infrastructure for the issuance, trading, management, and settlement of RWA assets. Its core goal is to bridge the "last mile" of safely bringing traditional real-world assets (such as private equity, real estate, government bonds, and credit) on-chain in compliance, addressing the common issues faced by current RWA projects, such as cumbersome off-chain compliance processes, fragmented on-chain functionalities, and high user entry barriers. At the same time, Plume is not just a single protocol or public chain, but an ecosystem that integrates key modules. The well-known Plume Chain is actually just a key part of this vast ecosystem, which also includes the following key elements: 1. Compliance Layer: Ensures that on-chain activities comply with global regulatory frameworks through the on-chain native integration of KYC/AML verification, investor certification, transaction monitoring, and other components. 2. Asset Issuance and Management Suite: Provides standardized suites and tools for asset issuance on-chain, helping institutions efficiently complete asset tokenization, compliance setup, and lifecycle management. 3. High-Performance Settlement Layer: Built on a modular architecture to create a high-performance settlement layer that balances efficiency while minimizing on-chain interaction costs as much as possible. 4. Native Liquidity Market: Activates on-chain liquidity for tokenized RWA assets by integrating core applications such as DEX and lending protocols within the ecosystem. Plume promotes the supply of RWA asset liquidity and enhances asset price stability by collaborating with trusted liquidity providers and deploying yield enhancement mechanisms.

2. @plumenetwork's underlying technical mechanisms 1. Underlying consensus mechanism – Proof of Representation: Plume adopts a "dual-layer representative consensus mechanism," linking the security of the public chain with the value of RWA assets. Specifically, if validators mislead the on-chain asset status, they will face mandatory confiscation penalties, creating strong incentives to ensure the stability of the consensus mechanism. 2. Data acquisition and usage – Nexus + Celestia: The high-speed data highway Nexus provides Plume with professional on-chain metrics and off-chain data interfaces, ensuring the authenticity and stability of data sources. At the same time, Plume has introduced a modular data availability (Data Availability) network based on @celestia. By using Celestia as Plume's DA layer and combining it with Celestia's advanced data availability solutions, Plume expects to reduce Gas costs by 99.9%, which will provide lower Gas fees for many RWA and DeFi projects built within the Plume ecosystem. In the future, the costs of deploying projects and user interactions on Plume will also be lower. 3. Compliant token standard – ERC-3643: Plume has adopted the latest ERC-3643 token standard. This token standard uses a built-in decentralized identity system called ONCHAINID, ensuring that only users who meet specific conditions can hold tokens. Additionally, it supports operations such as transfer freezing and mandatory redemption, ensuring that the entire chain deeply integrates KYC/AML compliance components. For asset issuers, using the ERC-3643 token standard allows RWA asset issuers to set transfer limits, freeze tokens, destroy tokens, and enforce token transfers through smart contracts. These functionalities are key points for the regulatory oversight of RWA tokenization by securities institutions. In summary, Plume simplifies the regulatory compliance process for asset issuers by embedding compliance requirements directly into the protocol layer, allowing users to confidently participate in RWA asset trading. 4. SkyLink's cross-chain logic SkyLink in the Plume ecosystem is an operational solution for secure cross-chain RWA yield distribution. Plume announced plans to deploy SkyLink across 16 public chains in January this year, marking a significant update and expansion of Plume's cross-chain ecosystem. Specifically, this solution utilizes the @LayerZero's SyncPools component to achieve seamless full-chain functionality, creating a yield circulation network spanning 16 public chains, allowing users to seamlessly connect across multiple chains for on-chain interactions of RWA assets.

3. Who is behind Plume - Background of the project's investors and team First of all, the lineup of investors behind @plumenetwork is quite impressive. Plume completed a $20 million Series A funding round in December 2024, and in May, it also completed a $10 million seed round, bringing the total historical funding amount to over $30 million. The seed round was co-led by @HaunVentures (founded by a16z veteran Kathryn Haun) and the renowned investment management company Apollo Global Management. Subsequent investors include @HashKey_Capital (Hashkey system), @yzilabs (Binance system), @_no_capital, and several top Web3 funds and angel investors. This strong support from investors provides ample financial backing and resource support for its development. Secondly, the founding team of Plume also has a very solid background. The core team members of PLUME come from top Web3 companies such as @coinbase, @RobinhoodApp, @binance, and @GalaxyDigital, and they have rich experience in crypto infrastructure development, institutional-level compliance operations, and top-tier capital operations. For example, CEO Chris Yin previously led product and strategy at Scale Venture Partners and Rainforest QA, Chief Business Officer Teddy Pornprinya has experience with Binance, Coinbase Ventures, and Daiwa Securities, and Chief Technology Officer Eugene Shen developed solutions at @dYdX and Robinhood Crypto. The professional backgrounds and extensive experience of this team also provide strong support for the project's development and operations.

4. How can ordinary players participate in the RWA wave of Plume? For non-institutional ordinary Web3 players, there are opportunities to participate in the @plumenetwork ecosystem and paths to profit: 1. Provide liquidity and staking: Provide liquidity for RWA asset trading pairs (such as tokenized government bonds/USDC) in the on-chain DEX of the Plume ecosystem, earning trading fees and potential $PLUME rewards. You can also stake $PLUME tokens to earn network inflation rewards and possible additional incentives from ecosystem protocols. 2. Trade and invest in RWA assets: Trade various tokenized RWA assets (such as high-yield short-term government bond tokens) on the DEX or order book exchanges within the Plume ecosystem, capturing interest rate spreads or holding for yield. 3. Participate in community ecosystem governance: By holding and staking $PLUME, you can participate in Plume community proposal voting, influencing the direction and parameters of network development. The governance rights within the Plume ecosystem also hold value.

5. Conclusion @plumenetwork has not only taken the first step towards the "RWA chain" but has also built a highly modular and compliant ecosystem. From on-chain infrastructure, asset channels, compliance execution to yield bridging and cross-chain expansion, the overall design revolves around "making real assets as usable as crypto assets." If future functionalities such as governance chains, stablecoins, and API interfaces are implemented, Plume will become the core node and an indispensable infrastructure for the real-world asset finance (RWAfi) scenarios.