This round of bull run has shifted from the "public chain narrative" to the "revenue narrative" as the main focus.Author: Haotian Source: X, @tmel0211
The news that PLUME is about to launch on Binance has once again brought the spotlight to this new RWAFi rising star. With a TVL exceeding $330 million in just 2 months, and over 177,000 RWA holders firmly in the lead, has Plume made a narrative correction for the RWAFi sector with data?
1) At first glance, the figures of 177,000 RWA holders and $330 million may seem abstract, but if we mention that the 177,000 RWA holders exceed the total number of RWA holders on Ethereum and Solana, and that the $330 million TVL is backed by over 90% effective capital utilization rate, it might give a fresh perspective on this "top player" that has been consistently working on the front lines of RWAFi.
2) If the last bull market was dominated by the "public chain narrative", this round has clearly shifted to the "revenue narrative".
金色财经_·2025-08-19 02:19