#山寨币行情启动在即？ On-Chain Asset Landscape Reshaping: How RWA Surged to DeFi's Fifth Place in Half a Year

Just one quarter into this year, the DeFi ecosystem has experienced a major change—Real World Assets (RWA) quietly crossed over DEXs to become one of the top five categories by total locked value. Sounds unbelievable, right? Last year at this time, RWA was outside the top ten, and now it has become the fastest-growing sector.

What does this reflect? A large amount of traditional financial assets are accelerating onto the blockchain. Bonds, real estate, various income-generating assets... Through tokenization, this new form is flooding into the blockchain world at an unprecedented speed. This is not a zero-sum competition within DeFi for the cake, but an exponential expansion of the entire ecosystem's capacity.

The key turning point is here—when tokenized funds issued by large asset management institutions become the main asset class on-chain, we are witnessing a deeper transformation. DeFi is evolving into a crucial bridge connecting the trillions-scale traditional finance with the crypto ecosystem. Although this shift may seem subtle, its influence is enough to redefine the flow of assets over the next decade.