Plume (PLUME) Leads RWA Growth Despite a 90% Token Price Decline

Amid the continued expansion of the tokenized real-world assets (RWA) market, Plume (PLUME) has stood out with impressive growth in total RWA value.

However, growth in application and adoption does not always translate into token price performance. Data shows that selling pressure remains strong, with exchange balances at a new high.

Plume Leads in RWA Holder Count and Growth Rate

According to data from rwa.xyz, Plume ranks first in RWA value growth over the past 30 days, recording a +44.19% increase. This performance surpasses other networks such as the XRP Ledger (+30.86%), BNB Chain (+21.38%), and Stellar (+16.80%).

RWA Value Growth by Network. Source: RWA.xyz

Despite leading in growth rate, Plume currently ranks around tenth in total RWA value. The network hosts 35 assets with a combined value of approximately $299 million, accounting for 1.13% of the market.

If the current growth pace continues, Plume could soon surpass nearby competitors such as Polygon and the XRP Ledger.

Notably, Plume leads all networks in the number of RWA holders, with 262,984 addresses holding tokenized assets. This figure significantly exceeds Ethereum (155,319), Solana (158,609), and BNB Chain (40,220).

RWA Holders by Network. Source: RWA.xyz

Zeus, an RWA investor, explained that the holder count does not necessarily reflect the number of unique users, as many individuals operate multiple wallets. However, he noted that the metric remains a reliable indicator of where tokenized assets are attracting attention.

“Over time, if holder numbers consistently increase, it usually means one thing: more wallets are interacting with real-world assets on-chain,” Zeus explained.

Recent developments have also strengthened Plume’s growth momentum. Mastercard recently launched its Crypto Partner Program, bringing together more than 85 industry leaders to connect on-chain innovation with everyday commerce.

Plume Network was selected as one of the participating projects. The inclusion reinforces its position within the RWA ecosystem and highlights its potential for real-world application.

“Being part of Mastercard’s Start Path program connects us to one of the largest financial networks in the world — opening the door for global distribution of on-chain real-world assets,” Teddy, co-founder of Plume Network, stated.

Strong On-Chain Growth Has Not Been Reflected in PLUME’s Price

Despite strong on-chain metrics, the performance has not translated into the price of the PLUME token.

Since reaching a peak of $0.14 in September last year, PLUME has declined by more than 90%. The token is currently trading around $0.0121, according to data from BeInCrypto.

Plume Price Performance. Source: BeInCrypto.

The price decline reflects cautious investor sentiment and intense sector-wide competition. With limited new capital entering the market, investors interested in the RWA sector have several alternatives for capital allocation, including XRP, Stellar, Solana, and Ethereum.

Data from Nansen shows that the amount of PLUME held on exchanges has steadily increased over the past year. The balance reached a new high in March, surpassing 1.57 billion tokens and accounting for 15.67% of the total supply.

PLUME Balance on Exchanges. Source: Nansen

A large supply sitting on exchanges, combined with insufficient demand, could push PLUME’s price even lower.

However, if the RWA market grows strongly as many analysts predict, new demand could absorb the available supply on exchanges and support a potential price recovery for PLUME.