# RWA — X 热门讨论 (2026-09-29 18:01 UTC)
## @nubs_on_x (Nubs) · 09-29 17:40 · ♥71 ↻12 💬28 so here's the thing.
old-fashioned RWA is boring. but socialfi with RWA…
yeah. you read that right.
some of you will get rewarded for posting. some for holding. some for both.
how? when?
soon. https://t.co/F3U6ShFE9Y https://x.com/nubs_on_x/status/2104989714180653096
## @AdriansCryptoo (Adrian) · 09-29 15:49 · ♥51 ↻0 💬40 usually, RWA in this space means real estate, treasuries or bonds. that's what we're used to getting. mostly always the usual play
this year the RWA market grew to around $31 billion. projections put it to be near $1.6 trillion in the coming future.
for @DualMintRWA it's different. the angle, narrative, everything. at least from most i've seen anyways.
here, the assets is claw machines.
the money generated from these claw machines are then moved onchain and dispersed to investors and depositors
rn there's a $230k raise pre deposit window available and every $1 put in is worth $1.2 worth of $PLAY
so it's a 20% pre-deposit bonus for those who contribute to the raise in this window.
look into them and dyor. surely one to watch 🙂💯 https://x.com/AdriansCryptoo/status/2104961748939759950
## @Rav_Hedda (Hedda🐽) · 09-29 16:40 · ♥50 ↻1 💬13 感謝 Ondo 讓我見上了我的偶像 Arthur Hayes
我直接搶了個大前排去做筆記，印象比較深的是 ⬇️
1️⃣ 首先就是我們最在意的問題，這個週期走到哪了
他表示這一輪本質是信用的問題：看行情只看新錢進場的速度。也就是信用脈衝，速度在加快資產就漲，去年到現在明顯是負向
他認為原因有兩個，AI 在吸錢不吐錢和共產式資本主義。就是政府決定錢往哪流，股東拿利潤
所以市面上不缺錢，但錢不流動了，這就是他說的負向信用脈衝，也是這一年多行情難做的原因
Arthur Hayes 說政府不會認錯，會是印更多的錢。而對 Crypto 來說，這是完美的時刻現在的價格很棒（划重點）
2️⃣ 然後就是 Copy trading、社交交易會改變資產配置嗎，像 Phantom、pump fun 這類的
他覺得是社會症狀，被通膨碾壓的人覺得翻身唯一的路就是開 20 倍槓桿，而且會越來越嚴重，因為不分中美，沒有政治人物敢承擔停止印鈔的代價，只要繼續印，這類 App 就一波波爆紅然後崩掉。印鈔既是行情的燃料，也是賭場的客源。會一直存在
3️⃣ TradFi 和 crypto 能互相學什麼？
傳統 TradFi 最大的問題是機構不必為自己的判斷承擔損失。賺了收管理費，虧了由客戶承擔。於是他們怕波動、迴避有機會帶來高報酬的投資 而 Crypto 一年約等於傳統金融的十年，但幣圈人總覺得這次不一樣不看歷史
美股代幣化對傳統金融本質是降本：只有代幣化和公鏈做得到實時結算。而且大量交易發生在人們下班和週末真正有空的時候，傳統市場的開盤時間永遠跟不上人
成本困住機構，時間困住用戶，這就是代幣化的重要性，也是 Ondo @Ondo 這類 RWA 玩家站上風口的原因
這就是這個週期 $ONDO 代幣化最偉大的故事，今天在 KBW 追星成功！@CryptoHayes https://x.com/Rav_Hedda/status/2104974542158643350
## @OfonKvng (U-kay Samiel ✌️✌️) · 09-29 14:39 · ♥44 ↻1 💬2 There’s a number on @ZIGFinance that can be pretty misleading if you don’t know what you’re looking at.
DefiLlama shows roughly $4M–$5M of chain TVL, while Valdora alone holds around $77M on @ZIGScan.
That gap isn’t a typo. It comes from how the dashboards classify the assets.
@Valdora_finance's TVL includes ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 deposited into liquid staking plus assets sitting in its vaults, while ZIG Finance’s headline DeFi TVL captures the narrower set of assets counted directly at the chain level.
And once you break down the ecosystem, the picture gets pretty clear.
Valdora is doing most of the heavy lifting at ~$76M.
@Oroswap is around $4.7M. @NawaFinance is ~$3.4M. @defaprimitive by InvoiceMate is ~$2.0M. @PermaPod_xyz is down around $3.3M.
So I wouldn't describe the current numbers as “ZIGChain has $90M+ of diversified DeFi.”
That would be stretching the data.
A more accurate read is that Valdora has grown into a very large liquidity hub within the ZIG ecosystem, while the rest of the protocol layer is still relatively small.
That distinction matters.
The TVL growth is real enough to pay attention to but the next chapter isn't simply getting from $90M to $100M. It’s whether more of that capital starts flowing through lending, DEXs, RWA protocols and other applications.
Right now, the ecosystem has a clear heavyweight.
I'd like to see more weight distributed across the rest of the stack.
Go through the ZIG numbers yourself → https://t.co/a1E0lsgAnb
DefiLlama ➜ https://t.co/GskMNSjLtH https://x.com/OfonKvng/status/2104944122897342926