If you want to understand Real-World Assets (RWAs), look at the user data.
The chart scale doesn’t really do justice to what’s happening. It almost makes Public Equity look like ~60% of Stablecoins.
The actual numbers tell a very different story:
Stablecoins: 14.3M active addresses
Everything else combined: <40K
• Public equity —> 21K
• Commodities —> 9K
• Private credit —> 4K
• Treasuries —> 1K
The killer RWA isn’t tokenized real estate.
And while onchain stocks and bonds may eventually find PMF…
Right now, users mostly want a dollar that moves onchain.

Tether and Circle combined are now a top 20 foreign holder of U.S. treasuries. Ahead of Germany, Saudi Arabia, South Korea, and other major economies.At this pace, Tether alone could break into the Top 10 within a couple of years.Crypto is quietly becoming a macro player.

$19.3B liquidated this weekend. The biggest crypto wipeout ever.Bigger than Terra.
Bigger than FTX.Caused by Trump doing what Trump does best.
The market just wrote a new chapter in crypto history.

touching grass 🍀

Bybit really thought $4K would stop someone from taking $1.5B. That’s cute.

@stani Staniii, we're working on ETHSofia 2025. The 2024 edition was even better than expected, we had a ton of positive feedback. Mainly people enjoyed the more intimate atmosphere (around 600 people that actually work and build in the space, rather than the 5-10-20k crowds at the biggest events). While we aim to grow and build it up a bit, the focus on quality rather than quantity will continue. That's why one of our biggest priorities is getting you to participate. September 23-25 this year, Stani, what do you say?

DVT is changing Ethereum staking for good.@ssv_network now secures over 5% of Ethereum's total stake, making it the 4th largest staking entity.A more secure, decentralized, and resilient Ethereum staking is taking shape.Onwards and upwards!

ETHSofia 2024 is going to be EPIC! We're bringing together top speakers from Lido, Summer Finance, OpenZeppelin, LiFi, Gearbox, Pendle, EtherFi, and many more!@stani, what do you say? Ready to join us in Sofia, Bulgaria on October 18-19? We’d love to have you share your vision with the community!Event website: https://www.ethsofia.com/

Don't lose hope, crypto fam!The bull market is just around the corner and it's heading straight to BULLgaria for #ETHSofia.Get ready for an epic comeback!🐂

Latest SSV Labs milestones:👉20,000 validators on mainnet👉640,000 staked ETH✅The future of re/staking is DVT.