Want to see the data of RWA projects, whether it's Defillama or https://t.co/h7vBa2oPoc, the largest TVL is BlackRock's BUILD.

In fact, there are many RWA projects in the market that have not been included, why?

Most likely due to the review process, the proof of off-chain assets and the liquidity issues of off-chain assets are both challenges, regulatory lag, and there are no compliance standards, leading to higher counterparty risks.

Relatively easier to implement are financial assets with better liquidity such as deposits, government bonds, equities, and options.

However, RWA also has positive aspects:

It addresses the issue of asset accessibility for those who hold stablecoins but want to conveniently obtain risk-free returns, those who want to buy US stocks but find it inconvenient to open accounts on platforms like Robinhood, those who want to invest in real estate in a certain location but lack convenient channels or enough capital... it solves the pain points for these individuals, or is more cost-effective on-chain after considering transaction costs.

This demand truly exists, but the total amount may be overestimated. Many RWA projects directly consider the entire scale of offline assets as the potential market size, which is indeed somewhat exaggerated. A cautious and prudent approach is better.