2025-12-30 10:20:56

RWA (Real World Asset Protocol) has recently been in the spotlight. TVL has already surpassed $17 billion, and this growth rate is quite crazy — not only surpassing the position of DEXs but also successfully ranking as the fifth largest category in DeFi.

What exactly is happening behind the scenes? Simply put, on-chain finance is beginning to embrace real-world assets. Tokenized government bonds, private credit, supply chain financing… these practices, which once only existed in traditional finance, are now flooding into the blockchain ecosystem on a large scale.

Interestingly, this time it’s not just "concept hype." Tokenization of government bonds, bringing corporate credit on-chain — these are tangible assets backed by real cash flow. This means DeFi is no longer just "crypto entertainment," but is starting to support real financial needs.

It can be anticipated that the future landscape of DeFi will be redefined. The boundaries between traditional finance and on-chain finance are becoming blurred, and the RWA track is at the forefront of this major transformation.

RWA9,26%

DEFI3,39%

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BearMarketLightning

· 6h ago

170 billion really can be intimidating, but is this wave of RWA really reliable, or is it just another concept harvest? Tokenizing government bonds sounds great, but in reality, it just shifts the risk onto the chain. This time, at least, they’re not just hyping concepts; with real money backing it up, it actually looks more credible. Traditional financial giants are starting to get involved, indicating that this isn’t so simple and we need to keep a close eye on it. If DeFi can truly handle real-world assets, the landscape will definitely change, but will it lead to another big harvest?

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Layer2Observer

· 6h ago

170 billion突破这个数字本身没那么惊人，关键是背后的资本在验证什么——让我们看看这些TVL里究竟有多少是真实现金流vs纯粹流动性挖矿 In theory, RWA is indeed different, but one thing needs to be clarified: tokenized government bonds ≠ DeFi revolution, this is more about traditional finance finding a new tool There's a misconception here, the phrase "crypto for self-entertainment" is too absolute, every cycle in history someone said that, and then got proven wrong From the source code analysis, the current question is how clear are the compliance boundaries? Can regulatory documents freeze this 170 billion An interesting discovery is that the real winners may not be on-chain or off-chain, but in the middle layer that builds bridges Considering all factors, the current stage is mainly to wait and see. It’s not too late to judge after observing the data of leading projects like Ondo and Centrifuge for half a year RWA is indeed changing, but the phrase "redefining DeFi" is a bit over the top, in fact, it might be DeFi being redefined

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QuietlyStaking

· 6h ago

RWA this wave is indeed fierce, with 17 billion TVL, no joke. Traditional finance has finally come seriously, this is what we call truly breaking out. In the past, it was all about hype coins, now real money is pouring in, it's a completely different story. Speaking of which, when genuine liquidity arrives, it actually tests the project's operational capabilities even more.

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GasFeeNightmare

· 6h ago

170 billion sounds great, but how much profit can this cross-chain bridging cost eat into? Just thinking about it gives me a headache. Real cash flow? Forget it, I still have to keep an eye on the gas tracker. Actual earnings are being eaten up by miner tips by half. On-chain finance supporting real needs is a good thing, but how to deploy it... Forget it, I'll research cost-saving solutions late at night. This time, I truly believe it's not just hype, but I won't dare to act until the gas drops to single-digit gwei.

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