The surge of #RWA热潮 RWA (Real World Assets) originates from blockchain technology enabling the tokenization of traditional assets, enhancing liquidity and trading efficiency. In 2024, the RWA market is expected to see significant growth, with the total market value of global tokenized assets exceeding $23 billion, projected to reach $18.9 trillion by 2033. Traditional financial giants like BlackRock and JPMorgan are entering the space, while Hong Kong promotes the LEAP framework to support tokenized bonds. Core projects such as Ondo, Maple, and Centrifuge are performing strongly, but challenges remain in compliance, investment thresholds, and market volatility risks. RWA connects traditional finance with DeFi, holding immense potential, but caution is needed regarding regulatory and technological challenges.