# RWA — X 热门讨论 (2026-09-11 14:54 UTC)
## @iRileyCrypto (Riley Morgan) · 09-11 14:02 · ♥89 ↻13 💬11 When institutions managing TRILLIONS show up for a fund launch on ZIGChain, you pay attention. 👀
ZM1 is more than another RWA launch — it’s a signal that serious capital is moving onchain.
More capital → more opportunities → more revenue → more $ZIG buybacks. 🔥
And if the next buyback cycle hits hard…
$ZIG could be entering a whole new phase. 🚀 > 引用 @ARafayGadit: Was honoured to speak at the launch event of Zamanat ZM1 Fund launched on @ZIGChain!
Full house with partners across Apex Group, Zoniqx, Truleum, AlHilal, Laser, Swissquote, Disrupt attended.
Time to make some $ and buyback more ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 😎
Selfie for the culture 😁 https://x.com/iRileyCrypto/status/2098411957561049166
## @TownSquarexyz (townsquare ❏ (mainnet arc)) · 09-11 14:02 · ♥96 ↻1 💬2 RWA yield isn't magic. Every basis point comes from someone, somewhere, making a payment.
Private credit. Commodities. Money market funds. T-bills.
Four sources. Four risk profiles.
Here's how the RWA yields are generated 🧵 https://t.co/iIsKBPFBKe https://x.com/TownSquarexyz/status/2098411866741735762
## @savixbt (Jude 🃟) · 09-11 11:33 · ♥42 ↻14 💬24 you want apple stock in your portfolio next to bitcoin and gold. no broker, no paperwork, no waiting on markets to open
i just found @Canborsa_DEX
it is a self-custodial platform where tokenized stocks, commodities, indices, and crypto sit on one interface, you swap or open perps on nvidia, tesla, gold, oil, s&p 500, or btc, 24/7, funds stay in your wallet
no broker, no market hours, no giving up custody to trade a real-world asset
they call it allfi, traditional finance and crypto in one permissionless place
right now they are running a trading arena, from september 9 to october 9
top 40 traders split a pool starting at 300 usdc and grows with total volume, up to $16,000 if the arena hits $40m traded. top 40 traders on the leaderboard split it.
i am trading through it this month, mostly to see how the RWA side compares to a normal perp
join here: https://t.co/C3C4j70lOS > 引用 @Canborsa_DEX: 🏆 Trading Competition: $16,000 Prize Pool
ARE YOU READY? THE CANBORSA TRADING ARENA IS LIVE!
Trade perps, climb the leaderboard, and the top 40 traders share a prize pool.
📅 September 9 – October 9, 2026
💵 The prize pool starts at 300 $USDC and grows as total campaign volume hits milestones, all the way up to 16,000 $USDC at $40M in volume.
The more everyone trades, the bigger the pool for all.🔥
Join the Arena → https://t.co/Z60p5H2jAc https://x.com/savixbt/status/2098374345080951132
## @caicai1953 (小孩💢) · 09-11 12:27 · ♥41 ↻0 💬44 最近刷到@Polyflow_PayFi，一个很有意思的赛道方向——PayFi支付金融，也让我产生不少思考。 以往我们聊区块链，目光大多聚焦在交易、借贷、质押这类DeFi玩法。但PolyFlow把视角投向了现实世界的支付场景，尝试把真实支付行为和链上金融打通。 传统支付里有个很现实的痛点：资金流和信息流相互割裂。一笔跨境转账，要经过托管、清算、合规等层层环节，资金在流转过程中只能静静闲置，很难产生额外价值。 PolyFlow给出的思路是把二者拆解开： PID（支付身份）负责信息流，承载身份核验、合规、链上信用相关的数据； PLP（支付流动性池）负责资金流，依靠智能合约管理流动性，全程不托管用户资产。 这样一来，支付就不再仅仅是简单的转账动作。资金完成流转的同时，还可以和DeFi、RWA等生态联动，让日常的支付行为也能释放金融价值。 PayFi的想象空间，并不是再造一个普通支付工具，而是把支付本身变成一套底层金融基础设施。 目前PolyFlow已经落地不少真实场景：加密卡、Scan to Earn、Yield to Earn、eSIM、全球薪资发放，同时也在布局AI Agent支付、跨境结算这些前沿方向。 放眼未来，随着稳定币支付普及，AI Agent自主完成收款、付款、账单结算会慢慢成为现实。机器和资金之间，就急需这样一套可编程的底层链路，这也是PolyFlow所处的交叉赛道机会。 当然项目最终能不能跑通，还是要看真实支付交易量、生态用户的持续增长。但这个“支付+链上金融”的叙事，确实值得持续跟踪观察。 @Polyflow_PayFi #polyflow https://x.com/caicai1953/status/2098388050971881748
## @0x10Me (0xZeno) · 09-11 10:56 · ♥40 ↻0 💬39 ⚡️ 朋友们，Gate 8 月成绩单，多资产战略开始收割了，TradFi 和衍生品两条腿跑起来了，钱和人都往 Gate 涌。
股票永续 +308%，连续三个月三位数增长，CryptoQuant 直接点名增速最快。RWA 未平仓合约市场份额 49.6%，全球 CEX 第一，差不多每两块钱的 RWA 永续仓位，就有一块在 Gate 上。
事件合约交易量 +286%，交易人数 +473%。 这个赛道刚起量，Gate 已经吃到了第一波。
30 日净流入 3.08 亿美元，主流平台 Top 2。钱在往这儿走，这是最诚实的信号。
储备金 82.15 亿美元，储备金率 127%，BTC 和 ETH 超额储备都超 20%。GUSD 冲到 2.57 亿美元历史新高，余币宝 TVL 月内摸到 16.24 亿美元，链上赚币最高 14.4 亿美元。闲钱宝上线，最高 3% 年化，不用锁仓，交易生息两不误，这产品挺懂用户。
机构端 CrossEx 资沉 +143%，机构现货交易量 +21%。股票现货覆盖超 12,800 个标的，新增约 300 只日股，综合竞争力全球 Top 2。
TradFi 资产覆盖全球第一，RWA 永续份额全球第一，股票永续增速全球第一。三个第一不是喊出来的，是数据堆出来的。多资产战略喊了很久，8 月这份报告，是真看到东西了。 https://x.com/0x10Me/status/2098365150118269419
## @Tanaka_L2 (Tanaka) · 09-11 13:24 · ♥44 ↻2 💬15 The State of Crypto Leverage 2026 👇
I’ve been watching DeFi lending through the wrong lens for a while.
I found out that the interesting signal right now is credit creation.
Crypto-collateralized lending fell 16.8% QoQ to $56.2B.
While outstanding loans on DeFi lending apps dropped much harder from $28.2B → $20.4B or -27.6% QoQ.
That was the third straight quarterly decline. At first glance, this looks bearish.
But I think the more important part is how the leverage is leaving the system.
In 2022, crypto lending collapsed by more than 55% in one quarter, followed by more forced deleveraging and counterparty failures.
This cycle has looked very different since there’s a slow reduction in leverage instead of one large credit event.
That says the DeFi lending stack is becoming structurally stronger even while demand for leverage is weaker.
And now we are already seeing credit come back.
By August, active DeFi loans had reportedly recovered to around $26.1B, almost 30% above June levels.
The protocols I’m watching most closely here are:
[1] @aave
Still the benchmark for onchain credit.
Nearly 19K active Aave V3 Core loans, with ETH-related collateral dominating the book.
WETH + weETH + wstETH represented roughly 54.6% of enabled collateral.
Aave e-mode positions had roughly:
– 90% debt-weighted LTV
– 1.06 health factor
– 10.7x debt/equity
That tells me a large part of DeFi credit is still effectively a leveraged ETH staking trade.
Aave therefore remains the best place to watch whether leverage is truly returning.
[2] @MorphoLabs
Morpho is probably the clearest alternative lending architecture to watch.
Instead of concentrating every asset inside one shared risk pool, Morpho’s isolated-market model separates collateral/borrow pairs.
That becomes increasingly important as DeFi expands.
Recent market data puts Morpho second behind Aave in active loans, around $5.1B in August.
[3] @sparkdotfi
It sits inside the broader Sky eco, where stablecoin liquidity, savings products, lending and RWA exposure increasingly connect into one balance-sheet structure.
That makes Spark interesting whenever the market moves from pure crypto leverage toward stablecoin-funded credit.
Reported active loans were around $2.1B in August, placing it behind Aave and Morpho among the largest lending venues.
[4] And then there is another group worth monitoring:
@eulerfinance → modular lending and permissionless market creation
@0xfluid → higher capital efficiency between lending and liquidity
@kamino → Solana-native lending + automated liquidity strategies
@JupiterExchange Lend → distribution advantage through one of Solana’s largest user funnels
The important part is that lending design itself is becoming more specialized.
The other signal I’m watching is borrow rates.
The weighted stablecoin borrowing rate rising after quarter-end to around 3.88%.
Meanwhile BTC borrowing remained only around 0.44-0.50% onchain, because BTC is still used much more as collateral than as something users actively borrow.
ETH is different.
A large amount of borrowing activity still comes from LST/LRT collateral.
→ borrow ETH → stake ETH → receive more LST/LRT → repeat
This trade stays attractive as long as ETH borrow costs remain below staking yield.
That means the next real DeFi expansion probably won’t show up first in TVL.
It should show up in outstanding loans:
→ utilization → borrow rates → collateral composition → leverage loops → liquidation activity
Because TVL tells me how much capital sits inside DeFi.
Credit tells me how aggressively that capital is actually being used. https://x.com/Tanaka_L2/status/2098402404148617247
## @rbarwanda (Rwanda Broadcasting Agency (RBA)) · 09-11 11:51 · ♥44 ↻5 💬0 🚨AMAKURU AGEZWEHO 🚨
Kuri uyu wa Gatanu, u Rwanda rwungutse uUruganda rushya rwa A1 Iron & Steel Rwanda Ltd, rukora ibyuma byo mu bwubatsi, ruherereye mu Cyanya cy’Inganda cy’Akarere ka Musanze.
Minisitiri w’Intebe, Dr Justin Nsengiyumva ni we wafunguye ku mugaragaro uru ruganda, asura ibice birugize, ndetse yerekwa imikorere yarwo n’ibisubizo ruzanye ku isoko ry’u Rwanda. #RBAAmakuru https://x.com/rbarwanda/status/2098378850421874971