Several key facts in the RWA field: one ⃣ The narrow definition of RWA (excluding stablecoins) has an asset size of only 19.23B, with 129 asset issuers and only 90938 asset holders. In the broad RWA, the size of USD stablecoins (excluding USDe) is 225.98B, and the number of asset holders is as high as 154.23M. two ⃣ Among the narrow RWA issuers, BlackRock has a market share of 20.44%, Hashnote has a market share of 10.92%, and Franklin Templeton has a market share of 9.61%. three ⃣ In the narrow definition of RWA supported networks, Ethereum has a market share of 60.03%, Zksync Era has a market share of 6.91%, and Stellar has a market share of 6.18%. Solana, which everyone is concerned about, has a market share of only 1.65%. four ⃣ In the support network of USD stablecoins, Ethereum has a market share of 58.17%, TRON has a market share of 28.4%, and Solana has a market share of 4.91%. In the specific application scenario of RWA, compliance is of paramount importance. This means that government regulators and traditional financial institutions are the rule makers and speakers in this field, while native crypto capital, developers, and crypto communities are in a relatively weak position in this area. But with the accelerated implementation of the US cryptocurrency regulatory framework and the compression of institutional arbitrage space, the power structure in the RWA field will undergo a grand reshuffle, and the asset issuance and trading paradigm of RWA will also usher in a revolutionary movement. And in this process, a batch of generational level investment opportunities will emerge. I am optimistic about Solana's explosive potential in the RWA field and optimistic about RWA L1's explosive potential in the RWA field. @plumenetwork @pharos_network