RWA · X 热门 · 2026-09-24 15:35 UTC

# RWA — X 热门讨论 (2026-09-24 15:35 UTC)

## @murtaza (murtaza) · 09-24 15:26 · ♥75 ↻11 💬15 these are the narratives that might lead this bull run

leaders move first: $ZEC, $HYPE, $LTC then the betas pump harder

13 narratives, leaders + betas. save this cheat sheet 👇

——

PRIVACY

Main: ZEC — shielded txs, 21M cap, spot ETF live

Beta: XMR — private by default, the OG DASH — shielded txs live on Evolution NIL — encrypted "blind" compute NEAR — private shard; private perps via Hyperliquid

Main: TAO — subnets compete to produce AI

Beta: VIRTUAL — AI agent launchpad FET — ASI Alliance VVV — private AI inference KITE — agent payments chain, PayPal Ventures-backed

PERP DEXs

Main: HYPE — the onchain orderbook everyone's measured against

Beta: ASTER — YZi Labs + CZ orbit LIT — zk-rollup perp, zero retail fees

BNB ECO

Main: BNB — gas + liquidity for BNB Chain

Beta: MUBARAK — Four. meme launch CZ bought BROCCOLI — CZ's dog meme GIGGLE — fees donate to Giggle Academy (unofficial)

REVENUE / BUYBACKS

Main: HYPE — 99% of eligible fees buy HYPE

Beta: PUMP — 50% of revenue to buy-and-burn PENDLE — up to 80% of revenue to buybacks ZRO — Stargate revenue funds buybacks ENA — buybacks start at $7.5B USDe supply CVX — large share of Curve votes CRV — Curve's gauge token

LEGACY / OLD GUARD

Mains: BCH — 2017 BTC fork; CME futures Oct. 19 (pending) LTC — "digital silver," ETF filing

Beta: ETC — original Ethereum chain

MOVE / HIGH-PERFORMANCE L1s

Main: SUI — ex-Meta/Diem Move L1; staked ETF live

Beta: SEI — trading L1; staked ETF filed APT — Diem-born; RWA + confidential txs

SOLANA ECO

Main: SOL — one of crypto's biggest trading + consumer hubs

Beta: JUP — aggregator; buybacks RAY — AMM; fees fund buybacks KMNO — lending + liquidity

MEMES / CONSUMER IP

Main: DOGE — the original meme

Beta: PEPE — Ethereum's frog BONK — OG Solana dog USELESS — "it does nothing" PENGU — Pudgy Penguins consumer IP

TCG / TOKENIZED COLLECTIBLES

Main: CARDS — redeemable vaulted cards onchain

Beta: READY — packs, vaults + card-backed finance Beezie (no token yet) — vault + tokenize + redeem

RWA / TOKENIZATION

Main: ONDO — tokenized Treasuries + stocks

Beta: LINK — oracle + cross-chain layer CFG — onchain RWA credit XLM — hosts Franklin Templeton's tokenized fund

DePIN / COMPUTE / DATA

Main: RENDER — decentralized GPU compute

Beta: GRASS — bandwidth + web data for AI AKT — decentralized cloud + GPUs PEAQ — L1 for the machine economy

QUANTUM

Main: QRL — post-quantum from day one

Beta: NEAR — added NIST post-quantum signing https://x.com/murtaza/status/2103144045992362414

## @F1uxoo (Fluxo 🐉) · 09-24 14:07 · ♥41 ↻0 💬40 QFEX is being built by actual quants and the same team building the exchange is now researching systematic strategies on top of its own markets.

Super early project:

- 29.6% annualized RWA managed accounts (before leverage) - Built by HFT quants - Still pre-points - Quant-built RWA exchange

Feels like finding Variational early.

@QFEX

QFEX pre-points > 引用 @annanay: Recently I posted about Managed Accounts, the mid-frequency strategy we’ve been running on QFEX for our team members and early VIPs. We’re now opening a waitlist to a wider audience.

We run a systematic, market-neutral strategy trained with the latest AI foundation models. Our models look at momentum, volatility and relationships across markets to decide what to buy, what to short and how much to allocate to each position.

The book is then balanced to target zero net exposure and zero equity market beta. Out-of-sample APY is 29.6% (net of fees), with a Sharpe ratio of 3.01.

Your collateral stays in your own QFEX account, positions are visible in real time, and there’s no lock-up.

The video explains more about how it works.

If you’re already registered on QFEX, you can now join the waitlist. Link in the comments. https://x.com/F1uxoo/status/2103124113535709445

## @cryptostasher (stasher 🥷🏼) · 09-24 14:44 · ♥52 ↻6 💬10 we accumulated ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 below 40 cents 😀

now ondo just needs one thing imo. use part of the revenue for ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 buybacks.

ondo is building one of the strongest rwa businesses in crypto. connect that growth directly back to the token and it becomes a different beast.

@ondo don’t forget the holders who backed you through the build-up. > 引用 @Ondo: Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.

Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens.

The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, marking the first time eligible onchain investors can access exposure to such strategies through a single token.

1. BLKHIon: Ondo High Income Powered by BlackRock

2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock

3. BLKGRWon: Ondo High Growth Powered by BlackRock

Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, delivered as peer-to-peer transferable tokens from Ondo, these onchain portfolios become accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use.

“Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure. Diversified portfolio strategies can be incorporated into tokenized investment products, enabling eligible investors to access diversified allocations through a single instrument. It shows how established portfolio construction approaches can be delivered through new channels and technologies.” - Lisa O’Connor, Global Head of the Model Portfolio Solutions team and Co-CIO for Global Solutions within the Multi-Asset Strategies group at BlackRock

Ondo Intelligent Portfolios can unlock novel capabilities:

→ Programmatic rebalancing → Full composability with DeFi → Complete transparency onchain → Multiple asset classes in a single token

This is just the start for Ondo Intelligent Portfolios. The infrastructure is now in place for leading financial institutions to bring their asset allocation expertise onchain. https://x.com/cryptostasher/status/2103133576782893506

## @StephanieStarrC (Stephanie Starr) · 09-24 14:31 · ♥44 ↻12 💬6 💥How Ondo, BlackRock, Ripple & DTCC All Connect 💥

👀 OKAY… THIS is where all these announcements start connecting. People keep looking at each partnership like it’s an isolated headline. It’s NOT. 😳

Look at the stack being built in front of us.... BLACKROCK ➡️ ONDO ➡️RIPPLE/XRPL ➡️ DTCC Follow me here… 🏦 BLACKROCK BlackRock is now designing actual investment strategies for Ondo’s new “Intelligent Portfolios” which are baskets of stocks, bonds, Bitcoin exposure and other assets that can be represented by ONE tokenized portfolio. So, BlackRock helps design the investment product. ⬇️ 🔵 ONDO Ondo takes traditional financial assets and brings them ONCHAIN. Instead of blockchain only representing one Treasury or one stock… Now we're talking about entire professionally managed portfolios being tokenized, rebalanced and transferred digitally. ⬇️ 🌐 RIPPLE / XRPL Earlier this year, Ondo + Ripple + J.P. Morgan’s Kinexys + Mastercard completed a real cross-border redemption involving Ondo’s tokenized U.S. Treasury product. Ondos OUSG is available on the XRP Ledger as of Jan 2025, and that project demonstrated how tokenized assets can move between blockchain networks and traditional banking infrastructure. THIS is the settlement/liquidity side of the equation. ⬇️ 🏛️ DTCC Then on Sept. 16… Ondo’s subsidiary Oasis Pro Markets became the FIRST tokenization company to join DTCC’s Fund/SERV network. Fund/SERV sits inside the operational plumbing of the U.S. fund industry and handles more than 85% of U.S. mutual fund activity. That means Ondo isn't just building crypto products outside Wall Street anymore… They are connecting tokenized finance DIRECTLY into Wall Street's existing infrastructure. 🤯

And now DTCC's much broader tokenization initiative is expected to move into its next major phase in October. Do you see it yet??? ✅BlackRock creates the strategy. ✅Ondo tokenizes the assets. ✅Blockchain rails like XRPL demonstrate how those assets can move and settle. ✅DTCC connects that tokenized world to the existing U.S. financial system. THIS is what "Wall Street moving onchain" actually looks like. Not one giant switch being flipped overnight… It's the infrastructure being connected piece by piece. All merging into ONE financial ecosystem. And we are literally watching it happen in real time. 👀🔥 #ONDO #BlackRock #Ripple #XRP #XRPL #DTCC #RWA #Tokenization #Crypto #DigitalAssets https://x.com/StephanieStarrC/status/2103130081887465475

## @yijiangren (Metamental | 方外之域) · 09-24 12:23 · ♥40 ↻0 💬34 交易平台的激励，过去几年其实没怎么变。手续费返现、返 USDT、返积分、做任务拿奖励。

本质上都是一件事：用补贴降低你的交易成本。但 SoDEX 这次做 Treasure Box，我觉得有一点值得单独拿出来讲。它把一部分交易激励，变成了资产。

在 SoDEX，每累计 10,000 U 有效交易量，可以获得一个 Treasure Box。 Taker 成交按 100% 计算，Maker 按 20% 计算。盒子不用额外花钱买，本身来自正常交易。而打开以后拿到的，也不是一笔 USDC 现金。奖励会以 Wealth 理财资产的形式发放，首期是 QQQ 代币化资产。这就让整个逻辑变得有点不一样了。

以前交易结束，返佣结束。现在交易结束以后，你拿到的可能是一份还能继续持有的资产敞口。当然，QQQ 本身也会波动，所以这里并不存在什么“稳定收益”。但从产品设计的角度看，这其实是在尝试把交易 → 补贴改成交易 → 资产积累。

而 @sodex_official 能这么做，和它底层的产品结构也有关系。 SoDEX 跑在自己的 Layer 1——ValueChain 上。它做的是全链上订单簿。交易、撮合、结算都在链上完成，每一笔撮合记录都可以通过区块浏览器验证。

这条路其实很重。因为订单簿交易对性能要求很高，既要低延迟，又要高吞吐，还要把撮合过程真正放到链上。所以 SoDEX 最终选择的路线，和 Hyperliquid 有一点相似：自己做一条专门服务交易的 Layer 1。在这个基础上，它又往资产层做了很多延伸。

目前支持 19 条公链原生充提、11 种资产作为混合保证金，还有代币化美股、指数资产和 RWA 相关产品。所以 Treasure Box 放在这里看，就不只是一个单独的活动。

它其实把 SoDEX 已经在做的两件事连起来了：

一边是交易基础设施一边是链上资产发行和分发

用户交易产生行为，平台再把一部分激励，以资产的形式重新分配回来。现在 Treasure Box 分成 Common、Uncommon、Rare、Superrare 四档，最高可以开出 10,000 U 等值奖励。

还可以通过合成升级，或者参与每周三的链上抽奖。开盒时还有机会额外掉落头像 NFT。

但相比“最高能开多少”，我更关注的是这个产品方向。如果未来越来越多交易平台开始把返佣、积分、活动奖励，慢慢变成真正的链上资产，那么 DEX 之间竞争的东西，就不只是手续费和流动性了。

谁能把更多资产带到链上，谁能让交易行为和资产积累真正连接起来，可能会变成下一阶段很重要的一部分。

邀请链接：https://t.co/sY4C8Za8PM

#SoDEXTreasureBox > 引用 @yijiangren: 刚才被maozi叔叔喊去喝茶了现在已经到家好多朋友刚才喊我没回

所有web3的兄弟想要安全出来就模仿我的一个操作就完了

删掉所有交易所相关图片删掉所有交易所和外网软件留一个OKX

结束下课 https://x.com/yijiangren/status/2103097884229214674

## @JoshuaAbel68 (Miro) · 09-24 14:01 · ♥50 ↻1 💬21 I just bought my first $inj on fomo.

One $inj and a dream. https://t.co/fXMgkLXP4N > 引用 @JoshuaAbel68: rwa perps on @injective are getting serious.

$214.9M in volume over the last 30 days across 135 markets.

- $49M from forex - $127.3M from equities - $15.4M from commodities - $15.3M from pre-ipo - $7.8M from indices

and today, $inj is taking another major step with the meridian mainnet upgrade.

the upgrade brings regulated rwa issuance and unified tokenized perp markets, making it easier for real-world assets to be issued, traded and settled onchain.

we’re already seeing real demand for rwa perps, and now the infrastructure is getting even stronger.

that’s the $inj thesis playing out in real time. https://x.com/JoshuaAbel68/status/2103122689992872374

## @Moon1ightSt (Moonlight🌙月光) · 09-24 15:09 · ♥60 ↻0 💬5 亲爱的，刚才刷到 @Ondo 这条官宣，月光又跑去把官方公告和文档认真看了一遍

这次还挺有意思，Ondo 推出了一个新产品，叫 Ondo Intelligent Portfolios。月光研究了一下，感觉 RWA 又开始往前走了

以前我们买股票，基本都是一只一只挑。想自己配一个组合，还要考虑买哪些资产、各占多少比例、什么时候调仓，稍微认真一点，后面还得定期做再平衡

Ondo 这次干脆把一整套配置好的投资组合，直接做成一枚链上代币。你拿着这一枚代币，就可以获得整套组合对应的经济敞口

第一批一共有三个产品，分别是 BLKHIon，偏高收益；BLKDIGon，偏多元增长；BLKGRWon，偏高增长

月光看到这里还特意多查了一下。这三套 Portfolio 的策略模型，是 BlackRock 为 Ondo 定制开发的，这个点让我蛮感兴趣

因为过去聊 RWA，大家最熟悉的玩法还是股票上链、ETF 上链。说白了，就是把原本存在于传统金融市场里的资产，用链上的方式重新做一遍

但这次又多了一层，连资产怎么配置、权重怎么调整、什么时候进行再平衡，都可以一起放进这个产品里面

对用户来说会简单很多，不用每天盯着几只资产计算仓位，组合会按照设定好的策略进行再平衡，持仓和权重也可以更加透明地查看

最后拿到手里的又是一枚链上代币，所以未来如果有协议愿意支持，它还可以继续接入借贷、永续或者其他 DeFi 场景。这个想象空间，就比单纯把一只股票搬上链大很多了

当然，有几个地方月光觉得还是要提醒一下

拿到 Portfolio Token，并不代表底层那些股票或者 ETF 会直接登记在你名下。你拿到的是组合对应的经济敞口，也不拥有底层股票对应的股东权利

这种产品形态和传统基金、ETF 也有区别

BlackRock 这次主要负责提供投资组合模型，产品发行、代币管理以及申购赎回等环节，主要还是由 Ondo 负责

另外，目前也有参与门槛，主要面向美国以外、符合资格并且当地法规允许的投资者。申购和赎回同样需要经过 KYC 和平台的合规流程

所以看到 BlackRock，也别直接脑补成贝莱德跑到链上替大家炒股了 😂 更别把它当成什么保本产品，市场涨跌一样会影响组合价值，本金也一样可能亏损

月光自己更想继续观察的，其实是这种 Portfolio Token 到底能不能慢慢被市场接受

因为单只股票上链，大家已经越来越熟悉了。现在连一整套投资组合都可以直接 Tokenize，以后可能真的会出现越来越多类似的产品

高增长是一枚，高收益是一枚，不同资产混合配置又是一枚。用户最后看到的可能只是钱包里的几个 Token，但它们背后对应的，却是完全不同的资产配置策略

走到这里，RWA 已经开始碰到传统资产管理的生意了。这个方向月光会继续看 👀

你们会喜欢这种方式吗？是自己一只一只选择资产，还是直接拿一枚已经配置好的 Portfolio Token？

官方公告：

详细介绍： https://t.co/ziIPh3nauS

以上为月光个人的信息分享，不构成任何投资建议

产品存在市场风险、地区及投资者资格限制，参与前记得自己看清楚官方文件和具体条款哦！ > 引用 @Ondo: Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.

Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens.

1. BLKHIon: Ondo High Income Powered by BlackRock

2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock

3. BLKGRWon: Ondo High Growth Powered by BlackRock

Ondo Intelligent Portfolios can unlock novel capabilities:

→ Programmatic rebalancing → Full composability with DeFi → Complete transparency onchain → Multiple asset classes in a single token

## @CryptoTeca__ (TECA) · 09-24 13:27 · ♥47 ↻0 💬17 I started looking at Saturn because of the STRC yield.

The bigger thesis is what happens when that credit exposure becomes usable across DeFi.

Saturn currently offers two core assets:

$USDat — a dollar-denominated liquidity asset.

$sUSDat — a yield-bearing asset backed 96.7% by STRC, with supplied data showing ~13.8% APY.

From there, the exposure can be composed across multiple DeFi markets:

@pendle_fi → PT, YT and LP markets @Morpho → sUSDat collateral, borrowing and potential looping @CurveFinance → liquidity markets @strata_markets → senior srUSDat and junior jrUSDat tranches

The architecture becomes:

USDat → sUSDat → fixed yield → future yield → liquidity → borrowing → leverage → tranching

Saturn already has a meaningful base:

• $138M TVL • $70.8M USDat • $69.8M sUSDat • ~13.8% sUSDat APY • 96.7% STRC backing • STRC distribution around 12%

Pendle currently shows ~16.14% fixed APY for sUSDat in its STRC/RWA section, while Saturn is directing weekly USDat distributions into Jan. 2027 markets on Ethereum and Monad.

The first published period allocated roughly $12.8K/week to Monad and $9.2K/week to Ethereum.

There are also different ways to express the strategy:

USDat → dollar liquidity + 5× points.

Curve USDC/USDat → 25× points through a two-dollar-stable LP.

sUSDat → ~14% yield + 1× points, with STRC exposure and a withdrawal queue.

Pendle YT-USDat → 30× points with future-yield exposure and time decay.

PT-USDat + Morpho/Euler → potential carry when PT implied yield stays above borrowing costs. One supplied example showed ~6.7% PT yield vs ~4.8% Morpho borrowing.

Strata junior → jrUSDat with 5× points, taking losses before the senior tranche.

Saturn is therefore combining yield, points, liquidity, fixed rates, leverage and credit tranching in one ecosystem.

If the collateral base expands beyond STRC into other digital-credit instruments, this architecture could support a broader range of credit exposures.

For eligible non-US/non-EU/non-EEA users only. Not available to US, UK, EEA or sanctioned users. Yield and distributions are variable. NFA, DYOR. https://x.com/CryptoTeca__/status/2103114118823645222

## @ayam_alvin10 (ÅŁ𝕧𝕚𝕟 Ł𝕖𝕖) · 09-24 14:37 · ♥48 ↻4 💬7 QFEX pre-points and already working on quant-built RWA managed accounts.

The first strategy showed 29.6% annualized net returns during testing, before leverage.

Built by HFT quants, with the exchange and strategies coming from the same team.

@QFEX

The book is then balanced to target zero net exposure and zero equity market beta. Out-of-sample APY is 29.6% (net of fees), with a Sharpe ratio of 3.01.

Your collateral stays in your own QFEX account, positions are visible in real time, and there’s no lock-up.

The video explains more about how it works.

If you’re already registered on QFEX, you can now join the waitlist. Link in the comments. https://x.com/ayam_alvin10/status/2103131779980763234

## @RWAFoundation_ (RWA Foundation) · 09-24 14:42 · ♥48 ↻4 💬5 .@Securitize x @ArkInvest

@Ondo x @BlackRock

The world of finance is being tokenized. https://t.co/xdt3KvEVUj https://x.com/RWAFoundation_/status/2103132987873177745

## @ZeusRWA (Zeus 🇬🇧) · 09-24 13:02 · ♥41 ↻6 💬5 Clear to see that a lot of tokenization / RWA companies have been sitting on a serious amount of news, announcements and launches, waiting for market conditions to improve.

The funny thing is, markets have barely moved and we’re already seeing a ridiculous amount of tokenization news.

Just wait till we are in a proper full bull market. https://x.com/ZeusRWA/status/2103107816797917476