# DeFi — X 热门讨论 (2026-09-29 18:34 UTC)
## @zyro_eth (ᴢʏʀᴏ) · 09-29 16:36 · ♥74 ↻1 💬84 DeFi isn’t just about how much you hold anymore.
Every swap, loan, stake, vote, and LP position creates an onchain history. ZeruAI turns that behavior into a measurable reputation with zScore.
No KYC. No identity. Just your actual onchain activity.
With 320M+ wallets scored, ZeruAI is building a reputation layer where genuine behavior can matter more than meaningless volume.
Your balance shows what you have. Your behavior shows who you are onchain.
@zerufinance https://x.com/zyro_eth/status/2104973655453454380
## @odbashWizard (odbashWizard) · 09-29 17:03 · ♥99 ↻9 💬8 Still waiting for the $QUBIC dip? 😂 ahaha
You think I’m kidding when I talk about $QUBIC having real value? Soon, it will produce its own products and burn all the QUBIC 🔥
5x loading….. boys
#Crypto #CryptoNews #Altcoins #Web3 #Blockchain #AI #DeFi #Qus #CryptoInvestment #Bullish #CryptoBullRun #BTC https://x.com/odbashWizard/status/2104980374573002811
## @Defi_Rocketeer (Defi Rocketeer) · 09-29 15:35 · ♥75 ↻8 💬24 Where Does the Money for the Next Crypto Bull Market Come From?
I don’t think crypto is short of capital by now anymore
What we are missing is a new channel that brings capital onchain and makes it usable across the market.
Each major cycle had one:
– 2017/18: VC and ICOs
– 2020/21: stablecoins
– 2024/25: ETFs and digital asset treasuries
Stablecoins brought dollars directly into DeFi and altcoins.
ETFs and DATs brought institutional capital into BTC, ETH, and a small group of major assets.
But most of that liquidity stayed inside specific wrappers. The spillover into the broader market was limited.
Now these channels have matured.
ETF flows can turn negative. DATs can trade below NAV. Stablecoin supply can contract. They remain important, but they are no longer new.
The market needs another entry point.
I believe RWA is currently the strongest candidate.
Over the past 12 months, tokenized RWAs attracted roughly $16B in new value.
Total onchain RWA value has tripled in about a year to more than $30B.
That is still small compared with previous liquidity channels.
But RWA is the only channel that has continued growing while ETF flows, DAT accumulation, and stablecoin issuance declined from their peaks.
What makes this interesting to me is not simply putting stocks or Treasury funds onchain.
The real opportunity begins when these assets become usable inside crypto.
I have already watched the first version of this develop across several ecosystems.
@RobinhoodCrypto brought tokenized stocks closer to normal crypto users.
Then launchpads such as @ponsdotfamily and @longdotxyz started pairing native tokens with tokenized stocks.
The same trend expanded to Solana through $STONK | @LaunchOnSF, then appeared on BNB Chain through @GeniusTerminal. These are still highly speculative markets, but they reveal something important.
Tokenized stocks are no longer isolated products that users only buy and hold.
They are becoming quote assets, liquidity pairs, collateral, and building blocks for new markets.
The second step is already happening in DeFi.
Tokenized stocks, Treasury products, and institutional funds can enter lending markets such as Morpho and Aave.
A user could eventually hold Apple stock onchain, borrow stablecoins against it, deploy those stablecoins into DeFi, or rotate part of that liquidity into BTC and altcoins.
The capital did not originally enter crypto to buy altcoins.
But once the asset, collateral, debt, and settlement layer exist inside the same wallet, reallocating capital becomes much easier.
That is why I see RWA as a liquidity channel, not only an asset category.
Infra providers such as @Ondo and @centrifuge are important here.
They connect traditional assets with stablecoin settlement, collateral systems, and onchain distribution.
The full flow could look like this:
TradFi assets move onchain → assets become usable collateral → users access stablecoin liquidity → capital enters lending, DEXs, and other crypto markets.
This will probably not create an immediate shock like an ETF approval.
RWA capital is mostly held by funds, companies, and long-term balance sheets rather than active traders.
Its impact should accumulate gradually, closer to the growth of stablecoins than an ETF launch day.
The key question is no longer whether institutions will tokenize assets.
It is whether those assets will remain inside closed wrappers or start interacting with the wider crypto economy.
I’m watching three signals:
– More tokenized assets accepted as collateral
– Higher secondary-market volume for tokenized stocks and funds
– More RWA liquidity entering lending markets and DeFi
If these numbers begin accelerating together, RWA will have moved from potential infrastructure to an active liquidity channel.
I don’t expect every dollar used to buy tokenized Apple shares or Treasury funds to rotate into crypto.
But even a small percentage matters when those balances are already onchain, settled through stablecoins, and connected to DeFi.
The next bull market may begin with people bringing familiar financial assets onchain, then gradually using the rest of the system around them. https://x.com/Defi_Rocketeer/status/2104958160528441369
## @_RichardTeng (Richard Teng) · 09-29 15:47 · ♥70 ↻4 💬18 It’s encouraging to see financial institutions creating room to experiment.
You learn a lot by testing new technology in a controlled environment before bringing it into the core. > 引用 @CoinDesk: JUST IN: @MorganStanley sets up a Digital Asset Lab to test stablecoins, tokenization and DeFi applications, giving employees a dedicated facility to explore blockchain technology without risk to the bank's core systems. https://t.co/OsRhcMWTze https://x.com/_RichardTeng/status/2104961229790077218