Plume Network Integrates with Hyperliquid Exchange to Expand its Multichain Expansion Plan

Plume Network, a noteworthy L1 to tokenize and trade real-world assets (RWAs), has announced its collaboration with Hyperliquid, a crucial blockchain and DEX.

Plume Network, the leading L1 to tokenize and trade real-world assets (RWAs), has announced its integration with Hyperliquid, a crucial blockchain and DEX.

This integration marks a key development in Plume Network’s multichain expansion plan to dramatically broaden composability and accessibility for users. Both the platforms revealed details of this initiative in a series of posts on X.

“PLUME is now live on @HyperliquidX, accessible from dozens of chains for hundreds of thousands of new users.

We’re proud to be a day 1 launch partner for Hyperbridge as we expand our multichain journey, powered by @LayerZero_Core.”

Hyperliquid originally rose to prominence as a top exchange for decentralized perpetuals. In this capacity, it has gradually evolved into a broader trading entity, boasting over $1T in total volume and an ecosystem that now encompasses an EVM-compatible layer for smart contracts on top of a custom L1 blockchain called HyperCore.

The newly unveiled Hyperbridge serves as the linking bridge, providing optimal asset management between the Hyperliquid ecosystem and LayerZero-enabled chains. Notably, the integration of Plume into Hyperliquid via Hyperbridge allows users to easily transfer the $PLUME crypto token from supported chains into HyperCore. This enhances user convenience and strengthens Plume’s efforts to ensure maximum utility and accessibility within the decentralized financial sector.

Setting Exclusive Standards for Utility of DeFi Across Chains

According to Plume Network, this collaboration comes amid the growing role of RWAs in the DeFi space. As such, this initiative allows Plume Network users to effortlessly engage with RWAs on any blockchain.

Through its partnership with Hyperliquid and utilization of LayerZero’s omnichain agenda, Plume has solidified its position as a crucial layer for integrating RWAs into crypto. The other launch partners in the inaugural cohort of Hyperbridge include Cook, Resolv Labs, Mantle, $USDe from Ethena, and $USDT0.

Overall, this development is expected to set new standards for DeFi usability across chains to foster greater inclusion for institutional and retail users.