#RWA热潮 Currently, RWA is gaining popularity and developing rapidly. In terms of market size, the total market value of on-chain RWA is expected to reach $25.51 billion by July 2025, with a significant increase in the number of holders. This growth is driven by support from major players, the transformation of financial infrastructure, and the macro environment. However, RWA also faces challenges such as regulatory differences and multi-chain interoperability. In the future, global collaboration is needed to improve standards and technological innovation to overcome challenges.