# RWA — X 热门讨论 (2026-10-08 16:47 UTC)
## @Dany_Crypto1 (DANY) · 10-08 13:50 · ♥49 ↻1 💬62 Traditional Real Estate is valuable, but difficult to integrate with digital financial infrastructure.
Tokenization changes that.
RNT Lend, developed in collaboration with @Aave, allows supported Real Estate tokens to interact directly with lending markets.
Liquidity providers can also supply stablecoins and potentially earn additional yield generated by borrowing demand.
Current scale: $29.30M Market Size $20.14M TVL
RWA is becoming a two-sided financial market. > 引用 @rntprotocol: Quick look at RNT Lend.
- $30M+ total market size - $9M+ borrowed against real estate collateral - 100+ real estate assets listed - 12% APY for USDT suppliers, variable, paid by borrowers and accruing every block on Polygon - 75% max LTV, the same for every property
Built with @aave and approved by Aave governance.
https://t.co/NtJDFlPAdM https://x.com/Dany_Crypto1/status/2108193224103780480
## @tulipking (Tulip King 🌷) · 10-08 16:02 · ♥60 ↻2 💬7 I realize I'm betting against the historic trend here, but I'm almost certain this level of pessimism is the absolute worst way to play this cycle. If you overly pattern match to past cycle's you'll miss generational returns
Take Hyperliquid for example: Imagine BTC goes to $50k. Do you think ICE dumps all the HYPE they just bought otc? Probably not. Do you think Kraken is gonna cancel all those rumored plans to white label hl markets? Probably not. Do you think the appeal of 24/7 trading macro assets like Oil, Gold, & Interest Rates goes away? Probably not. What about 24/7 stock trading in general, especially since the CME just had to shelf their plans? Probably not.
So perhaps Hyperliquid trades down with Bitcoin, there's short term volatility you can trade if you want. But on a 6-18 month time horizon, it remains incredibly hard to be anything but bullish. I view these short term dips as buying opportunities. The new flows coming into crypto from those who don't live on ct & share our collectively cyclical PTSD will likely also end up buying those dips imo
While Hyperliquid is certainly the best positioned project to trend up in spite of a broader downturn, I don't believe it's the only one. Backpack, Ondo, and others are tokenizing the world (another onstoppable trend). Derive, Lighter, Variational, & others are trying to finally get options onchain (another relevant financial primitive). Morpho & Aave keep making institutional inroads. Maybe Pendle starts to win
^^ The point being, these projects may rely on speculative crypto volumes today, but you can already see the shift to non-speculative RWA/tokenized-stock volumes and blue chip cryptos (an aave loan against a HYPE is structurally healthier revenue than a loan against some memecoin [as certain crypto coins mature, they'll play useful roles in crypto volumes])
Again, the crypto total market cap may likely keep going down, there's a whole lot of junk in it. But for the FIRST time ever there's emergent projects that should be immune to these cyclical/high-correlation headwinds. Buy and Hold good coins > 引用 @akuma_gmi: meh, doesnt matter coins good or not if btc falls. Everyone is quick to ape good alts when btc goes up, but its also the same way when btc is falling.
Hype/ZEC only started doing well once btc stopped going down https://x.com/tulipking/status/2108226656741535753
## @Elikrypt (ΞLIKRYPTO) · 10-08 15:31 · ♥50 ↻1 💬18 I was scrolling through CT when a few DeFi numbers made me stop.
People were still talking about 2026 like it was just a continuation of 2025.
So I started checking lending, liquid staking, restaking, DEXs, perps, stablecoins, RWAs and TVL.
The more I looked, the clearer it became:
DeFi did not move in one direction.
Some sectors expanded. Some contracted.
Here’s what stood out ↓↓
⸻
➥ LENDING
Lending TVL grew from $48.2B to $64.1B in 2025.
2026 remained strong, but growth became more concentrated.
Aave stayed dominant while Morpho gained ground.
The story shifted from broad expansion to stronger competition.
➥ LIQUID STAKING
Liquid staking was around $58B in 2025 and about $51.9B by September 2026.
The category got smaller.
Yet that $51.9B generated roughly $27.4M in weekly fees.
TVL tells you how much capital is there, not how productive it is.
➥ RESTAKING
Restaking went from $23.9B to $18.8B during 2025.
By September 2026, it was around $10B.
Roughly $10B generated only about $100K in weekly fees.
The points-driven demand faded, exposing the economics underneath.
➥ DEXs
Q3 DEX volume increased from $636B to $722B, while protocol fees rose about 15%.
But competition increased too.
Uniswap remained a major venue while other protocols captured more activity and fees.
➥ PERPS
Q3 volume fell from $1.81T to $1.62T even as DeFi TVL recovered.
Hyperliquid remains a major exception, but the broader perp market did not show the same strength.
Recovering TVL was not automatically translating into higher trading activity.
➥ STABLECOINS
Stablecoin supply expanded strongly through 2025.
In 2026, growth slowed dramatically and became close to flat.
Stablecoins form the liquidity base for much of DeFi.
On this front, 2025 was clearly stronger.
➥ RWAs
Private credit nearly doubled from $9.8B to $18.7B in 2025.
Tokenized Treasuries grew from $3.9B to $9.1B.
Then RWA value increased 22.8% in Q3 2026, from $31.5B to $38.6B.
RWAs are moving beyond simply putting traditional assets onchain.
They are becoming collateral, credit and productive liquidity.
⸻
Then I looked at DeFi TVL.
DeFi TVL fell from the low $120Bs to around $69B in H1 2026 before recovering to roughly $95.4B in Q3.
But Lido gave me a reason to look deeper.
Its dollar TVL increased about 82% from June to September.
Measured in ETH, the increase was only 7.7%.
So part of the recovery was simply ETH becoming more valuable.
⸻
➥ MY VERDICT
2025 was the better year for DeFi expansion.
Lending grew, stablecoin liquidity expanded and new sectors attracted capital aggressively.
2026 was the better year for finding out what actually works.
Restaking weakened. Stablecoin growth slowed. Perp activity cooled. DEX competition increased. RWAs became more useful.
The market became much harder to impress with TVL alone.
That is probably the biggest difference between the two years.
I’ll be checking @aave, @Morpho, @Uniswap, @HyperliquidX, @maplefinance, @ethena and a few others next.
Not just to see who has the biggest numbers.
I want to see who is actually capturing the value they create, how sustainable that revenue is, and whether the token economics make sense. https://x.com/Elikrypt/status/2108218661529927953
## @Yasmeen07765101 (Yasmeen) · 10-08 15:24 · ♥41 ↻3 💬20 مش كل حاجة على البلوكشين لازم تكون عملة رقمية من الأساس 👀
ودي من أكتر الحاجات اللي بقيت مهتمة بيها مؤخرًا في عالم الـ RWA
إحنا اتعودنا نشوف البلوكشين مرتبط بعملات زي BTC و ETH لكن دلوقتي بدأنا نشوف منتجات مرتبطة بأصول من الأسواق التقليدية بتدخل عالم الـ On Chain 🔗
ومثال على كده bStocks على Binance
الفكرة إنك تقدر تتعامل مع أوراق مالية مُرمّزة بتوفر تعرّض اقتصادي لأصول أساسية من السوق التقليدي باستخدام USDT من خلال Spot وفق الخصائص المتاحة
بس هنا في فرق مهم لازم نفهمه
إنت مش بتشتري السهم الأساسي بشكل مباشر ولا بتبقى مالك في الشركة
إنت بتتعامل مع منتج مالي مُرمّز مرتبط اقتصاديًا بالأصل الأساسي ودي تجربة مختلفة عن امتلاك الأسهم التقليدية
واللي شدني أكتر إن الموضوع مش بيقف عند التداول على Binance
فيه كمان إمكانية للاحتفاظ بـ bStocks في محفظة ذاتية الحفظ على BNB Chain والاستفادة من استخدامات DeFi المدعومة حسب شروط المنتج 🌐
بالنسبالي ده من الاتجاهات اللي تستاهل نتابعها فعلًا
لأن البلوكشين بدأ يبقى مساحة للتعامل مع أنواع مختلفة من الأصول والمنتجات المالية مش العملات الرقمية بس
وده بيخليني أتساءل إيه أنواع الأصول التانية اللي ممكن نشوفها On Chain خلال السنين الجاية
📌 الإتاحة والخصائص بتختلف حسب الدولة والمنتج مخصص للمستخدمين المؤهلين في المناطق المسموح بها
⚠️ العملات المشفرة تنطوي على مخاطر وهذا المحتوى ليس نصيحة مالية و bStocks ليست أسهمًا ولا تمثل ملكية مباشرة في الشركة الأساسية
#Binance #bStocks #RWA #Web3 https://x.com/Yasmeen07765101/status/2108216991421006111
## @jrdothoughts (Jesus Rodriguez) · 10-08 14:27 · ♥41 ↻8 💬4 First ever fully protected RWA vault by @SentoraHQ with @Figure Prime and @humafinance. 6% yield fully covered by @Firelightfi : https://t.co/8Hog5NfzSy > 引用 @admff492: Following yesterday's announcement about Firelight, we are happy to launch the first protected vault that deploys into RWAs.
With a 6%+ yield and room to run higher, it's one of the best risk-adjusted returns in DeFi.
https://t.co/jk7zIqUWWu https://x.com/jrdothoughts/status/2108202577259368950