$DUSK $XRP $DOGE

What has the blockchain push by traditional exchanges truly changed?

Recently, there was news: a leading US exchange announced the launch of a digital asset platform to turn stocks into on-chain tokens for trading. Many people saw it and thought it was just a technical news story. But do you really understand what this means behind the scenes?

This is not just a simple technical upgrade—it's a dimensionality reduction.

What are they trying to do? 24/7 trading, even when the A-shares market is closed. Stablecoin instant settlement, saying goodbye to wire transfer waits. Most importantly, moving real equity onto the chain. What you hold is not some虚无的 tokens, but real dividend rights and governance rights.

At first glance, this seems similar to some stock tokens on certain exchanges. But it's fundamentally different. This time, the rule-makers are stepping into the game themselves.

What does this mean for the market?

To put it bluntly— the era of meme coins'狂欢可能要结束了.

Over the past decade, the reason the crypto world could be so狂热 was largely due to niche markets and regulatory vacuum. Meme projects exploited this time and information gap, using暴涨暴跌 to mask the emptiness of the projects themselves. But now, the game has changed.

Let's see what will happen:

Funds have better destinations. The same 24/7 trading environment, but on正规平台, you can buy real equity—dividends, legal protections, lower risks, better liquidity. Capital is rational. When truly "low risk, high return" assets appear, who will still gamble on those土狗币 that can倍增 or瞬间归零?

The "consensus game" has been broken. What is the value of meme coins? Nothing more than relying on community hype, pump-and-dump schemes, and storytelling. But when value returns to the assets themselves, projects without income or real application become powerless in all their hype. What can you compare to real dividend rights?

The信用体系 has been reshaped. What is the信用基础 of crypto exchanges? "I promise not to跑路." But what about正规军?《证券法》, Federal Reserve regulation, a complete legal framework. When regulators start using blockchain technology to distribute real权益, how much room for灰色地带 remains?

What does the future hold?

Only assets with真正的锚定,权益, and现金流 will be the protagonists of the future. Bubbles sustained solely by stories, hype, and FOMO will only accelerate破裂 under this dimensionality reduction attack.

This process will be brutal. But this is what evolution looks like.

The正规军 has already entered the field. Are you ready?