RWA concepts have been hyped for so long, but have you noticed——banks are still playing the most basic game on public blockchains, which is just issuing stablecoins. It's not that they don't want to do more, but the current DeFi ecosystem simply can't handle the complex mechanics of traditional finance.
Imagine how twisted the derivative products in traditional finance are: three-layer nested structures, settlement times precise down to specific dates, and the need to handle counterparty credit risks. When you bring these things onto public blockchains, the existing infrastructure completely chokes.
On-chain infrastructure is still stuck at the "primitive" stage, completely unable to simulate the complex interactions of traditional financial markets. Only when someone starts seriously solving this problem do you see real breakthroughs. The real explosion of RWA isn't about how hyped the concept is, but whether these deep technical bottlenecks can be broken one by one.
RWA concepts have been hyped for so long, but have you noticed——banks are still playing the most basic game on public blockchains, which is just issuing stablecoins. It's not that they don't want to do more, but the current DeFi ecosystem simply can't handle the complex mechanics of traditional finance.
Imagine how twisted the derivative products in traditional finance are: three-layer nested structures, settlement times precise down to specific dates, and the need to handle counterparty credit risks. When you bring these things onto public blockchains, the existing infrastructure completely chokes.
On-chain infrastructure is still stuck at the "primitive" stage, completely unable to simulate the complex interactions of traditional financial markets. Only when someone starts seriously solving this problem do you see real breakthroughs. The real explosion of RWA isn't about how hyped the concept is, but whether these deep technical bottlenecks can be broken one by one.