When all the tracks are already competitive, is the next hundredfold opportunity left only to RWA?
The next real opportunity may very well be in the RWA track.
Let's look at other directions:
DeFi has matured, and the leader AAVE firmly sits as the largest blockchain bank.
Most MEME coins are just hype games, leaving a mess behind.
L2 has proven to be less necessary than initially thought, instead dragging down ETH.
Public chains no longer deceive people; the market actually only needs a few major chains like ETH, SOL, BNB, etc.
Stablecoins are dominated by USDT and USDC.
The perpetual DEX track has also been firmly occupied by HYPE.
The privacy track is limited by regulation, with limited space.
With so many tracks now clearly defined, only RWA has just begun. To date, there isn't even a leader that can break into the top ten by market value, which indicates it is still immature, but it also means there are the largest dividends here.
Currently, there are not many RWA projects truly doing work, such as ONDO, which is doing on-chain stock trading, SYRUP, which focuses on US dollar stablecoin yields, and PLUME, which aims at high-performance RWA public chains.
Among them, I am more optimistic about ONDO's direction—moving traditional assets like stocks onto the chain for trading, which may be the trend of the future.
The entire track is like the early days of DeFi, where no absolute king has emerged yet.
Rather than competing in a crowded track, it is better to pay more attention to this newly cultivated land.
Opportunities often arise in places that most people have not fully understood yet.
