In fact, I have thought about this sector for a long time. The main reason is that you need to know a lot about this field. It has not seen any perfect implementation, and even the beginning of the eight characters has not been seen. If you say too much, it will be just bragging. However, since the third quarter, this has not hindered the speculation of capital. The wind direction keeps blowing in this direction - the RWA sector, which has caused some B-generation stocks to rise particularly sharply, and some are also ready to move.

So I think you should learn about it. Forget about the general direction, and start with some basic knowledge of the direction.

Many friends should have seen me talking about the RWA sector in multiple channels, but I have never talked about the subdivision. Today we first understand the concept of RWA from the essence. Now a certain non-X account has demarcated it as a separate sector, divided into 24 B-to-B, such as: AAVE, etc. It is explained that it refers to projects that support the B-to-B of real-world assets. There is also another view that all "valuable" assets in the real world fall into the category of RWA.

If interpreted literally, this is correct, but in fact, from a higher level, the essence of "valuable" is a kind of "consensus". In human terms, "assets" that can be agreed upon by the whole world are the real "legacy", and these assets have the value of "investment". How does this kind of asset, which can be said to be the best quality, realize its "investment" attribute? I think many friends should understand that it is bonds, but not all bonds are worth investing in and are the best assets. It requires the previous consensus.

For example, even if the rating of U.S. debt is downgraded, it is still the world's best asset and is still an asset stored by various sovereign governments. This is consensus + price.

To give another example, El Salvador is a sovereign country where Bitcoin is the national legal currency. Buying El Salvador’s national debt is in a sense an investment in Bitcoin. Currently, their 10-year national debt yield is over 24%. They are also betting on a bull market in the future, because if there is a bull market, there will be enough funds to repay.

You can see that whether it is U.S. Treasury bonds or El Salvador government bonds, it is difficult for ordinary people to buy them. With RWA, you can buy them. There is another key point here, that is compliance. Compliance is the most consensus + valuable guarantee of RWA. Without compliance, there will be no RWA. The above two are both compliant.

Let’s talk about RWA in the world of Generation B. We can see that whether it is FTX that can use USDT to buy and sell stocks, or SNX that has done similar things, they are essentially non-compliant, that is, they are not true RWAs, but they are RWAs in the world of Generation B and can be called RWAFIs.

Here it derives the bond function or the direction of DEFI, or the chain of the lending agreement process, so as to launch RWAFI.

This makes you think that when you buy this code B, you are actually buying something in another real world, or some other type of loan asset, or something else. For example, HIFI, which was hyped up some time ago, is a good example. It adds some realistic elements and the concept of loan, and the price has increased by more than 10 times from 0.24 to 2.6. It goes up quickly and goes down quickly because there is a bubble.

Finally, let me summarize my judgment on RWA in the token world. First, RWA in the token world, that is, RWAFI, has just begun to be hyped, and this concept sector will have a new generation of B taking off; second, the limited 24 only include bonds, and you should also pay attention to, such as whether it is combined with reality, whether it is combined with lending, and whether it is consistent with regulations. If it is related, it is possible, such as HIGH, ACH, LEVER, etc., are all considered RWAFI; third, now is a good time for you to layout the RWA sector, and you must look for more.

Okay, hope this helps.

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A few more news

1. Data released by Santiment shows that non-whale Bitcoin wallets (defined as addresses holding less than 100 BTC) have climbed to a new all-time high, currently holding 41.1% of the available BTC supply. It is not difficult to see that under this new low volatility, the holding of B addresses is still a huge increase, so it is the biggest positive.

The selling pressure of 21,400 BTC is temporarily suspended, and the compensation of Mentougou is extended for another year. In recent years, some people have over-interpreted this matter. It sounds scary, but it is not true. I think it may be released all at once, but it will not crash the market all at once. The market does not have such a deep depth to receive it. Even if there is a one in ten thousand chance to receive it, congratulations, you can buy the cheapest BTC in nearly N years.

Moreover, from the above information, you can see that someone has been waiting for so many years. If they didn’t sell it at 70,000, will they sell it at 20,000? At least they have to wait for the ideal price of the bulls.

3. Since the beginning of the year, Silver Point and other companies have purchased $250 million worth of FTX debt. Capital institutions are not fools. The reason for buying bonds is to make a profit. This shows that things are slowly getting better for FTX. From the recent re-listing of FTT's USDT pair by BN, we can see some clues. There is a chance for 2.0 to restart, and FTT will take off again. It depends on what the price is. I think it's just a cycle away.

4. Greed Fear Index 43

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Finally, let me briefly talk about the market. It is still dominated by fluctuations. It is very difficult to continue a unilateral trend. It is still around 26,000 for the time being. Only by accumulating more strength can there be a chance.

E is weaker than the big brother overall, the upper pressure is 1700, take it

The new and old mainstream XRP and LINK can only be considered stable. Among them, LINK is waiting to come up and continue to be above 6~6.5, and it can still rise; the only one left is AAVE. Affected by RWA, it has rebounded to a high of around 66. As long as it continues to strengthen above 60, it will mainly be held. After all, that kind of big pull has not appeared yet, and the rest are a mess.

I won’t talk much about copycats, just two: RWA and games.