Lumia (LUMIA): Bridging RWA & DeFi for a New Financial Era

Real-world assets (RWAs) are quickly becoming a leading topic within the blockchain ecosystem, with many protocols and chains starting to offer asset tokenization services. However, many of these solutions are based on simply moving a variety of physical and digital assets to a web3 environment without regard for how these tokenized on-chain products will be further utilized. As a result, after companies tokenize their assets on-chain, they realize that the lack of liquidity is hampering the assets' further circulation and adoption.

Lumia (LUMIA) is an RWA-focused Layer 2 project that has taken a much more comprehensive approach to asset tokenization. The platform allows businesses to tokenize various RWAs, including a diverse range of commodities, and provides ways to boost their liquidity and applications within the decentralized finance (DeFi) realm. Based on Polygon's modular Chain Development Kit (Polygon CDK), Lumia provides a robust, secure, compliant, cost-effective and scalable infrastructure to put RWAs to active use within the world of web3.

Having started its operations under the name of Orion Protocol (ORN) as an Ethereum (ETH)-–based app that aggregated liquidity from various centralized (CEX) and decentralized (DEX) exchanges, the project rebranded to Lumia in 2023 and expanded its functionality to focus on the RWA niche. As of late 2024, Lumia remains one of the pioneers of liquidity-enhanced RWA use on blockchain.

Key Takeaways:

• Lumia (LUMIA)’s Layer 2 platform is dedicated to helping users tokenize and trade a variety of RWAs.

• The Lumia platform is a zero-knowledge (ZK) rollup built using the Polygon CDK. It uses interoperability layers and other technologies to source deep liquidity for RWA trade.

• The platform's native crypto, LUMIA, is used for gas fee payments, governance, node staking, liquidity provision, access to premium features and fee discounts. LUMIA can be bought on Bybit as USDT Perpetual contract.