I've recently seen many cases where traditional finance is encroaching on the crypto space, but in fact, most retail investors are not making money:

1️⃣

Stocks on the blockchain - Beneficial for U.S. stocks and brokerages, but the logic is still about drawing liquidity from the crypto space;

2️⃣

Crypto Stocks Treasury Stocks: Beneficial for large blue-chip cryptocurrencies, insider shell investors and investment banks make money;

3️⃣

RWA: Issuers earn fees, and large investors benefit from fixed income;

If you believe that the value of the crypto space is a miracle for retail investors, you still need to keep an eye on the on-chain developments. Looking forward to the new issuance model of Memes and new on-chain opportunities.