Plume Network Vaults Generate Over $1 Million in 30-Day Fees as TVL Hits Record
RWA Signal Insight
InfrastructurePlume Network’s Vaults, formerly known as Nest, achieved a record-breaking performance with over $1.04 million in generated fees and a peak total value locked (TVL) exceeding $238 million as of mid-October. The protocol aggregates diverse real-world assets, including U.S. Treasuries, private credit, and collateralized loan obligations, into non-custodial, yield-generating tokens that automatically accrue value. This growth is supported by a multi-chain strategy, with the protocol now operating across six networks including Ethereum, Solana, BSC, and Monad. Plume has actively expanded its product suite, recently launching nBND, a vault backed by the Fidelity Total Bond ETF, while maintaining partnerships with major financial institutions like Apollo, WisdomTree, and Hamilton Lane. Furthermore, the company is engaging directly with U.S. regulators, having presented a proposed vault regulatory framework to the SEC’s Crypto Task Force. The surge in TVL and fee generation highlights the increasing demand for on-chain access to traditional fixed-income products. By simplifying the yield-accrual process, Plume is positioning itself as a significant player in the RWA sector, currently ranking ninth by TVL among tracked protocols. This expansion reflects a broader trend of institutional-grade assets being integrated into decentralized finance ecosystems to capture cross-chain liquidity.
Key points
- Plume Vaults reached a record $238 million TVL and $1.04 million in 30-day fees.
- The protocol expanded its cross-chain footprint to six networks, including Monad and Solana.
- Plume launched nBND, a new vault backed by the Fidelity Total Bond ETF.
- The company presented a formal vault regulatory framework to the SEC’s Crypto Task Force.
Background
Plume Network is a modular blockchain platform specifically designed for the tokenization of real-world assets. Its vault products function as yield-aggregators that allow users to gain exposure to traditional financial instruments like private credit and bonds through non-custodial, automated tokens. By abstracting the complexity of traditional asset management, the protocol enables on-chain users to access institutional-grade investment strategies.