# RWA — X 热门讨论 (2026-09-21 07:29 UTC)
## @yashascore (YEdu) · 09-21 04:57 · ♥43 ↻9 💬13 Remember @pendle_fi' TAM is not crypto yield. It is every asset with a future cash-flow stream that needs price discovery, a hedge, or a fixed-rate buyer.
Private credit, tokenized equities/dividends, infra, money-market funds, GPU financing etc. Basically issuers can tokenise each separately, but do not want to build a yield market from scratch. Pendle wants to be the common liquidity/rates layer and this NGI+ move is the first credible proof that Pendle can become the forward rates market for private assets.
This is bullish for $PENDLE cuz there is an upside chain👇
(1) A credible issuer sees Pendle as distribution + price discovery (2) MM's and fixed income buyers build liquidity around PT/YT (3) PTs become lending collateral and balance sheet assets (4) The next issuer lists cuz the market already has users and liquidity (5) More volume and yield fees support the buyback/distribution engine
Pendle has already showed that permissioned instances and a curator model are part of the RWA scaling path and that is essential in my opinion cuz serious private market capital will not necessarily enter a fully permissionless pool.
If Pendle can serve both open and permissioned structures, it becomes much harder to displace.
h/t to @Blockworks for the data > 引用 @pendle_fi: Partners Group's Next Generation Infrastructure strategy is now live on Pendle as NGI+ (10 Dec 2026 maturity).
@PartnersGroup manages $186 billion across private equity, infrastructure, private credit, real estate and royalties for institutional and private investors worldwide.
NGI+ is the onchain token linked to the NAV performance of Partners Group Next Generation Infrastructure, the firm's open-ended fund that invests alongside that flagship program.
Private infrastructure of this calibre has historically been reserved for pensions, sovereign funds and family offices, and is now readily available through Pendle x @AssetoFinance, opening access to the fund's $1 billion AUM onchain.
In 2.5 years, the fund has returned 48.8% net with volatility below 2.5%, returns and yield that can now be priced and traded around the clock on Pendle. Fixed rate is also now available for anyone looking to a lock in a return, which at time of writing is at 19%, higher than the fund's historical performance.
This listing marks the point where private markets and onchain fixed yield meet at institutional scale. Pendle is proud to have brought a Partners Group strategy onchain. As the world's largest asset managers tokenise their funds, Pendle is the infrastructure that turns those assets into tradable yield, and we look forward to unlocking more of them alongside partners like Asseto 🤝 https://x.com/yashascore/status/2101898465752003032
## @SherpaNhuelz (Nhuelz.defi🧱) · 09-21 06:58 · ♥41 ↻0 💬28 I like that @GlowFND isn’t just about throwing around words like “green” and “sustainable.”
It’s about funding actual solar farms that produce real electricity.
Hospitals, homes, businesses, and even entire grids that once depended heavily on diesel or struggled with blackouts can get access to solar power funded by people on-chain.
The idea is pretty simple.
You put in USDC or delegate $GLW. That capital helps fund a real solar project.
The project gets built, panels start producing electricity, and the clean energy replaces some of the power that would have otherwise come from fossil fuels.
So the interesting part for me is what happens beyond the blockchain.
Your money doesn’t just sit in a wallet or move from one address to another. It can help finance physical infrastructure that produces actual kilowatts in the real world.
That’s the kind of RWA utility I find interesting: on-chain capital → real infrastructure → real electricity. https://x.com/SherpaNhuelz/status/2101929150940348869
## @WilcosX (WilcosX.eth) · 09-21 05:59 · ♥42 ↻2 💬19 BASE STOCK PROJECTS TIER LIST
S:
Issuance / Tokenized Equities
Coinbase B20 @coinbase Centrifuge / deSPXA @centrifuge
Perps / RWA Trading
Avantis - @avantisfi
A:
Tokenized Equities
xStocks / Backed - @xStocksFi / @BackedFi Dinari - @DinariGlobal
Portfolio / Stock Apps
Glider - @glider__ Stockify - @Stockify_fi Feel(.)cash - @feeldotcash Bitwise ATP - @Bitwise
B:
Leverage / Structured
2Factor @2FactorFinance
Trading / RFQ / Markets
o1 Exchange - @o1_exchange Ophis - @ophisfi Stonks Exchange - @Stonks_Exchange
C:
Perps / Options Wasabi - @wasabi_protocol
Securities Infra Castar - @Castar_tech
Anything I’m missing or placing too high/low? https://x.com/WilcosX/status/2101914099320013306
## @cryptoicebag (ICΞ ₿AG ☃️) · 09-21 06:25 · ♥49 ↻0 💬3 Most people are still trading @arc like its launch week.
91% of DeFi TVL already sitting in @Morpho and @aave tells you the real story here isnt memecoins, its credit markets forming faster than anyone priced in. Launchpads got the attention while $USDC credit is quietly becoming the actual base layer. That rotation (launchpads to credit to RWA♻️) is the trade nobody is positioned for yet.
𝑩𝒖𝒕 𝒊𝒔 5 𝒅𝒂𝒚𝒔 𝒓𝒆𝒂𝒍𝒍𝒚 𝒆𝒏𝒐𝒖𝒈𝒉 𝒕𝒐 𝒔𝒆𝒑𝒂𝒓𝒂𝒕𝒆 𝒔𝒊𝒈𝒏𝒂𝒍 𝒇𝒓𝒐𝒎 𝒏𝒐𝒊𝒔𝒆 𝒐𝒏 𝒂 𝒏𝒆𝒘 𝒄𝒉𝒂𝒊𝒏 ?
@Arguspad went from a 2.8M pre launch MC to 16-17M while still running 11-20M a day after the hype faded. @TollyLabs is sitting on the 2nd deepest native token book I can find, backed by a launchpad plus trading terminal setup that actually makes sense long term. Everything else copy pasted the launchpad model and died with the mainnet spike. These two didn’t, so right now thats a short list.
As usual, Once the initial mainnet hype fades, most of the launchpad tokens that popped off will fade with it. The ones still pulling real volume and holding liquidity after the hype clears are the actual signal, not the ones that spiked on day one and went quiet > 引用 @cryptoicebag: @arc mainnet is going live tomorrow (September 16) but they are actively trying to attract the trenches because they understand how important early memecoin activity can be for a new chain. Maybe I’ll get my next 500x here
But there is more; here are a few sectors in the ecosystem that could actually matter once liquidity stacks in.
Launchpads → @lolpad_ → @circlewarp → @Fliptfun → @ArcadeSwap → @Archemistdotfun → @TollyLabs → @liftdotfun
Prediction Markets → @kairo_market → @Predarc_
AI / Agents → @nexorafi → @uzenlabs → @gigawork_arc → @catena_labs → @memoAI_ARC → @ProofStream_
** NFTs** → @Orixaxyz → @Arc_Punks → @PlayMossling → @ArclingsNFT → @TurtzWTF → @Arcins__
DeFi / DEX → @TowerExchange → @lunexfinance → @AchProtocol → @synthra_finance → @lunya_io → @UnitFlowFinance
Payments → @koshmoney → @cyclesmoney → @PulsarMoneyApp → @BlockradarHQ
Privacy / FX → @hibachi_xyz → @swaparc_app → @Hinkal_protocol https://x.com/cryptoicebag/status/2101920685970833834