😜 @Aptos This wave of RWA has been executed with great effectiveness, no longer just "potential for the future", but has genuinely moved traditional financial assets on-chain. Now there are more than a dozen RWA products launched on-chain, with participation not only from Web3 projects but also from traditional financial giants like BlackRock and Franklin Templeton.

PACT Protocol is one of the core projects, focusing on on-chain bond issuance and loan issuance. The scale of on-chain assets has now exceeded 300 million USD, and recently an additional 80 million has been added. It can be understood as moving the entire process of loans, packaging, and issuing securities from TradFi to Aptos.

What's more interesting is that those institutions you thought would never intersect with crypto have actually arrived. For example, BlackRock's BUIDL is the largest on-chain fund in terms of global asset scale, and Franklin Templeton's BENJI not only has a large scale but also uses blockchain to handle transactions directly, which fundamentally connects the data flow between off-chain and on-chain.

Additionally, projects like Libre and Ondo are also addressing more segmented needs, such as stable yield USD assets, private debt, money market funds, etc. These are not attracting users through airdrops, but rather represent a genuine demand, indicating that a batch of compliant funds is moving on-chain.

In the end, it's not about whether a particular project rises or falls, but rather that Aptos is using a stronger technological foundation to expand the entire on-chain financial asset ecosystem. The opportunities for RWA may not lie in the narrative itself, but in who can package these assets into new playstyles that make traditional money willing to stay.

The key is that there is a leaderboard event on @KaitoAI, and recently @arbitrum @Aptos @0xPolygon @shoutdotfun $ENERGY has been very popular.