Why RWAs Are Going To Zero
summary
Argument that RWAs as a category are dying as meaningful branding, backed by numbers: RWAs ≈ $13B versus stablecoins as RWA at $180B, and the stablecoin path shows adoption mechanics. Builds and metrics: Plume’s ecosystem hosts ~180 projects, >$400M TVL, ~4M wallets and ~280M transactions in eight weeks, plus active liquidity and community onboarding. Practical tools are composable tokens, synthetics (e.g., Pokemon‑card derivatives), on‑chain treasuries and permissionless distribution, all designed as crypto-native formats rather than ported TradFi products.
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chapters (14)
- 0:00Start
- 1:10Growth of RWA Market & Headlines
- 2:45Why Institutional “Tokenization” Might Mislead
- 4:02Comparing Stablecoins vs. On-Chain Treasuries
- 5:45Defining RWAs & Crypto-Native Assets
- 7:18Public Sector Examples: DMV Titles & Salesforce
- 9:10Real Adoption: The Story of Stablecoins as RWA
- 10:58On-Chain Assets: Liquid, Permissionless & Composable
- 12:55Plume Network: Mission & Ecosystem Overview
- 14:28Building for Crypto Natives vs. Traditional Finance
- 16:11Plume’s Approach: Liquidity & Community
- 17:30Examples: Pokemon Card Derivatives & Real-Yield Assets
- 18:35Why “RWAs” as a Category Should Disappear
- 20:25Conclusion & Next Steps with Plume
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