Justin Wu|Oct 23, 2025 16:13
TVL ≠ Moonbags
lemme tell you why?
everyone flexes RWA TVL charts going up.
but the token charts is down only.
TVL means more assets locked on-chain.
that’s adoption but adoption doesn’t automaticall token pump.
If the token isn’t wired into fees or yields, the usage flows right past it
institutions are here for yield, not coins
lesson is simple
watch token design, not TVL bros(Justin Wu)
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