Last year, the TVL of US Treasury RWA grew sixfold, with ONDO and OM being the top three in this sector. Crypto giants like TETHER and Matrixport have also started to actively position themselves in RWA.

Moreover, traditional capital like BlackRock and Fidelity are lining up to enter, along with stocks, commodities, etc. This sector has just started, has immense potential, and essentially no ceiling.

Following RWA, there is a need for supporting financial derivatives such as stablecoins, lending, and staking, which will drive DEFI to experience prosperity once again.