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The most frequently asked question about the RWA track recently is: Can a dark horse still emerge in this field? Instead of just talking about it, it's better to prove it with real money. Some projects have indeed explored new ideas in this track, and representatives like $MSVP are worth paying attention to—they are exploring new possibilities for on-chain real assets.
Of course, RWA is not a new concept; the real challenge lies in execution. The market is not short of conceptual stocks, but what is lacking are projects that can truly combine traditional assets with on-chain mechanisms. This track is far from saturated, but not all projects will survive. The key still depends on the team's implementation ability and the market demand alignment.