This morning, the traffic was ridiculously congested, and I only took a few sips of coffee after it cooled down... I casually checked a few pools on RWA that are on the chain, honestly, many of the "liquidity" look quite full, but it's actually just for show: if you really want to withdraw large amounts, there are a bunch of hurdles like redemption clauses, T+ days, limits, queues, and so on. The on-chain depth simply can't withstand emotional swings.

Now when I look at RWA projects, I don't get excited first. I focus on the "how to redeem" part—whether you can switch back anytime, who has the final say, how to handle the worst-case scenario—these are more practical than just looking at TVL. Recently, there’s been a bunch of AI Agents/auto-trading running around on-chain, the narrative is hyped up, but it feels like no one really wants to dig into the security details... Anyway, I can play around with it through bridges, keep my position small, and first figure out the exit routes.