#代币化趋势 Seeing major players like Galaxy, Figure, and Animoca piling into tokenized securities on Solana, the signal is clear enough—on-chain securitization is no longer just a conceptual game but a real race for substantial gains.

The key lies in Solana’s speed and cost advantages, which truly hit the pain points. Traditional pathways involving DTCC, Nasdaq, and prime brokers are extremely inefficient. Figure’s approach of direct native issuance, building its own ATS, and supporting DeFi collateralized lending completely breaks away from Wall Street’s middleman logic.

However, there is an important perspective to observe— the reliability of liquidity in tokenized securities. I am currently reviewing a trader’s follow-up records; during the early stages of similar new tracks, they tend to chase early targets. The returns are indeed impressive, but the volatility is also frightening. The issue isn’t about directional judgment but about concentration of chips and depth of transactions. What kind of capital will be attracted by this wave of tokenization expansion in the Solana ecosystem? Will institutional participation truly match that of traditional securities markets? These factors determine the setting of risk appetite.

If you are optimistic about on-chain finance as a long-term trend, you can consider a light position to lay in related concepts. But don’t be blinded by early high returns—true profits often come from boring compound interest over time. Set your stop-loss levels in advance.