RWA price

By Frank, PANews In the past month, the veteran public chain Injective has returned to the public eye again with the second place in net inflows. According to Artemis data, Injective's net inflow in the past 30 days is about $142 million, which is only lower than Ethereum. PANews also looked at other aspects of Injective's data and found that this net inflow was not a singular phenomenon. There has been a significant increase in on-chain fees, active users, token trading volume, etc. After a long period of silence, will Injective, the former rising star of the public chain, usher in an ecological explosion again? Or was it a short-lived flash in the pan? With a monthly inflow of $142 million, is the high yield a "honey" or a "signal flare"? Data as of June 4 shows that Injective has achieved a net inflow of $142 million in the past month. Although the amount is not high, it still ranks second in the recent data of all public chains. A closer look at the data shows that the obvious reason for this net inflow is that Injective did indeed see a wave of rapid and large inflows on the one hand, and a very small net outflow of $11 million on the other. Therefore, if we look into the reasons for this, Injective's top net inflow ranking is not due to its unusually active overall capital flows (i.e., large inflows and outflows at the same time). In fact, its simple capital inflow only ranks about 10th in the horizontal comparison with other public chains. The key to its outstanding performance in the 'net inflow' indicator is that the outflow of funds over the same period is negligible. However, this kind of on-chain fund movement is also rare for the Injective network. Of the 142 million inflows, 140 million were completed through the Peggy cross-chain bridge, accounting for 98.5% of the share. Market analyst Keyrock pointed out in its May 26 report, "Key Insights, Bond Appetit," that the massive inflow was largely attributed to the launch of Upshift, an institutional-grade yield platform, on Injective. It is understood that Upshift's APY in Injective's vault has reached 30%, and this high yield may indeed be an important reason to attract funds to transfer assets to Injective. However, PANews found through investigation that Upshift's vault hard cap of $5 million in Infinite cannot fully handle the inflow of funds, and those funds that fail to participate in this vault investment may be lost again in the short term. From derivatives to RWA hopes, can Injective open up a new game? In addition to the inflow of funds, Injective has indeed ushered in some important changes in the ecosystem recently. On April 22, the Lyora mainnet was officially launched, and this upgrade is an important milestone in Injective's development history. After this mainnet upgrade, technical optimizations such as dynamic fee structure and smart memory pools were introduced, and according to official sources, after the upgrade, Infinite was described as "faster" and claimed to have lower latency and higher throughput. In addition, Injective has launched iAssets, an oracle framework specifically for RWA, and Upshift's vault is a RWA DeFi vault. On May 29, Injective officially announced the launch of the on-chain foreign exchange market for the euro and the pound, using the iAsset framework. From this perspective, Injective's new narrative seems inseparable from RWA. As a veteran public chain, Injective's original core narrative was a decentralized derivatives exchange. The original Injective also evolved from a decentralized derivatives exchange to a public chain, which seems to be the same route as Hyperliquid, which is in the limelight today. However, Injective's current derivatives trading does not seem to have achieved the expected goal, with data on June 4 showing that the trading volume of the BTC contract trading pair with the highest trading volume on Injective in 24 hours was about $39.75 million, and the derivatives trading volume of the whole chain was about $90 million, compared to Hyperliquid's daily data of about $7 billion, a difference of about 77 times. Perhaps it was because it was difficult to open up the situation in crypto derivatives that Infinite chose to turn to the direction of RWA integration. On May 22, Injective's derivatives trading reached a maximum of $1.97 billion, significantly higher than other times, and has shown an upward trend in the near future. In addition, in terms of daily active users, the number of addresses from the lowest 6,300 in February has surged recently to 47,900, an increase of about 7.6 times. Although this data only ranks 12th among all public chains, it is also a relatively obvious breakthrough considering the rapid growth in the short term and surpassing public chains such as Avalanche and Berachain. However, even with the significant increase in daily active activity, Injective's TVL has not changed significantly, and has been declining since March 2024, and the current TVL is only $26.33 million. At least for now, DeFi projects on Injective are still not very attractive to funding. The short-term rebound in the token's performance is outstanding, and it is still 4 times away from the all-time high In terms of economy, its governance token, INJ, currently has a market cap of around $1.26 billion, ranking 82nd. It is down 76% from its peak market capitalization of $5.3 billion. However, it rebounded from the lowest point of $6.34 in April to $15.48, an increase of 144%, which is also relatively bright among the old public chains. However, it is unknown how long this sustained performance will last. Of course, Injective's recent actions are not limited to the above-mentioned content, such as the recent cooperation with many well-known institutions such as the Republic, Google Cloud, Deutsche Telekom MMS, etc., as well as the launch of some AI-related products and dynamics. Overall, Infinite has been actively seizing new narratives such as AI and RWA in the past year to transform. Judging from the data as of June, it has indeed played a certain role in recent months. However, from the perspective of order of magnitude, there is still a large gap with the current mainstream public chain. And this kind of chaser is not Injective's family, several celebrity public chains in the last round are now facing a similar dilemma. Many have returned to the public eye by starting to change their names and upgrade their brands. However, will this model of old wine in new bottles really give the market a new taste, or can it only be left in the packaging to look new? At present, Injective's ecological transformation and rejuvenation are still in their infancy. Upshift's inflows are more of an important test of market sentiment and a demonstration of ecological potential than a fundamental reversal. Whether its strategic tilt towards RWA can truly open up a differentiated competitive advantage and translate it into sustainable ecological prosperity and value capture still needs to overcome many challenges and be tested by the market for a long time. Whether the short-term data rally is short-lived or a positive sign in the long recovery journey is a final answer to the question. For Injective, the real test has just begun.

A silent mover on @AbstractChain is $RWA. @PLA______ silently cooking this to a new ATH and no one is even talking about it. Are you positioned?

I have to admit that RWA has been extremely popular in recent months, with countless Web2 bosses in Hong Kong lining up to put their unsellable junk on the blockchain. Of course, this has also led to a large number of intermediaries of varying quality trying to make a quick buck. I've also seen a lot of decks, but in terms of form, they mostly focus on the "issuance and on-chain" of assets. Regardless of what specific hype they are promoting, the core is the same gameplay. Recently, I discovered that the oracle I've been following, @redstone_defi, on Solana has demonstrated a new development direction for RWA: Instead of creating new assets, it adjusts the input structure of DeFi protocols to traditional financial derivatives. Specifically, it involves integrating @DriftProtocol with RedStone's RWA oracle, which means that on-chain yield strategies are no longer limited to crypto assets. Data from traditional financial instruments like treasury bonds and credit products can also start serving as price bases. Applying macro-financial analysis methods, this represents a fundamental change in the supply side of DeFi protocols. Drift is particularly crucial in this integration. As one of the most active perpetual trading platforms on Solana, Drift can be understood as a trading system where composability and high frequency coexist. After integrating the RWA price feed provided by RedStone, Drift may potentially launch derivative contracts based on actual credit spreads or T-Bill yields in the future. Traders can gain exposure to risks similar to real financial markets without leaving the chain. The marketing significance of this update is the least noteworthy; more importantly, the product structure richness and competitiveness of DeFi protocols have been greatly enhanced. In the future, as more traditional financial product data is integrated into DeFi protocols through RedStone, more interesting chemical reactions may occur. #Oracle

Written by Weilin, PANews While settling with the U.S. Securities and Exchange Commission (SEC), Ripple is rapidly restarting its global expansion in the Middle East, with Dubai becoming a key location for its tokenized real-world assets (RWAs). Recently, Ripple-backed blockchain XRP Ledger was selected as the underlying blockchain network for the Dubai real estate blockchain tokenization project, showing that Ripple and XRP's development in government-enterprise cooperation, cross-border settlement, and stablecoin infrastructure is gradually turning into a business breakthrough direction for the company. Meanwhile, on May 29, VivoPower International, a NASDAQ-listed energy company, announced the completion of a $121 million private placement that will transform into a crypto asset reserve strategy with XRP at its core. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led a $100 million investment, demonstrating Middle Eastern capital's recognition and bet on the XRP ecosystem. XRP Ledger becomes the first public blockchain for government property tokenization projects in Dubai On May 26, the Dubai Land Authority (DLD) announced a partnership with asset tokenization platform Ctrl Alt to launch PRYPCO, the first government-led real estate tokenization project in the Middle East. The project, which is jointly supported by the Dubai Virtual Assets Regulatory Authority (VARA) and the Dubai Foundation for the Future, plans to enable the on-chain issuance of real estate assets on the XRP Ledger (XRPL) through Ctrl Alt's PRYPCO Mint platform, with a minimum investment threshold of AED 2,000 (approximately $545). The project is part of Dubai's Real Estate 2033 Strategy, which aims to achieve a real estate tokenization market of AED 60 billion (US$16.3 billion) by 2033. Ctrl Alt has received a broker and issuer license from VARA and said it has completed the asset tokenization of nearly $295 million in assets. Ripple, a major contributor and enabler of XRPL, has been given the role of a technology provider for the on-chain of assets under the auspices of the government, representing the expansion of the protocol from cross-border payments to RWA asset-backing. XRPL uses the Ripple Protocol Consensus Algorithm (RPCA) that does not require mining, which does not require a mining process that consumes a lot of energy and can achieve second-level transaction settlement. XRPL is also actively promoting the stablecoin ecosystem on its own network. SG-FORGE HAS ANNOUNCED THAT IT WILL LIST EURCV, WHICH IS ANCHORED TO THE EURO, ON XRPL IN 2025; Braza Group will also launch BBRL, a stablecoin pegged to the Brazilian real, on XRPL, which will lay a solid foundation for building a multi-asset, multi-scenario tokenization foundation on XRPL. At the same time, XRP has also gained favor with Middle Eastern capital. On May 29, VivoPower International (VVPR), a NASDAQ-listed energy company, announced the completion of a $121 million private placement round that will transform into a crypto asset reserve strategy with XRP at its core. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led a $100 million round with former SBI Ripple Asia executive Adam Traidman serving as chairman of the advisory board. According to SEC filings, the company intends to issue 20 million shares of common stock at $6.05 per share. Middle East strategy acceleration: Acquired a license from the Dubai Financial Services Authority to acquire brokerage firm Hidden Road It's no coincidence that Ripple places a lot of emphasis on the Middle East market. Back in November 2020, Ripple set up its regional headquarters in the Dubai International Financial Centre (DIFC), a move the company said was a possible exit from the U.S. due to the lack of clarity over U.S. crypto regulatory policies. In December of the same year, the SEC first charged Ripple CEO Brad Garlinghouse and co-founder Chris Larsen with conducting an unregistered securities offering through the sale of Ripple's digital token, XRP, beginning in 2013. The SEC said Ripple raised $1.3 billion through these alleged securities sales, and Ripple said XRP was not a security. After several years of evolution and development, the Middle East now accounts for about 20% of Ripple's global customers. In March this year, Ripple was granted a regulatory license by the Dubai Financial Services Authority (DFSA) to become DIFC's first compliant blockchain payment provider, officially launching a compliant crypto cross-border payment business in the UAE. In May, Ripple announced a partnership with Zand Bank, a UAE digital bank, and Mamo, a fintech company, to embed Ripple's cross-border payment system into its financial services stack, enabling round-the-clock cross-border settlements. Zand Bank also plans to launch an AED-pegged stablecoin to enhance local digital payment capabilities. The stablecoin RLUSD is also enriching Ripple's business ecosystem and supporting the company's business expansion. Not only did RLUSD offer up to 8%-9% annualized return (APR) on Aave, which quickly attracted about $150 million in funding, but it also landed on Euler Finance on May 29, allowing users to lend and borrow RLUSD directly on the platform, and use it as collateral. Currently, RLUSD's Annualized Yield on Euler deposits (Supply APY) is as high as 22.05%. As previously reported by PANews, Ripple has also recently partnered with Chainlink to increase the utility of RLUSD in the DeFi space. Ripple has also partnered with Revolut and Zero Hash to expand RLUSD's market reach. RLUSD is also integrated into its payment solution, Ripple Payments, for cross-border payments for customers like BKK Forex and iSend. In addition to the payment business, Ripple is also stepping up its layout in the fields of brokerage, custody and tokenization. On April 8 of this year, crypto payments company Ripple announced plans to acquire prime brokerage firm Hidden Road for $1.25 billion, with the aim of expanding its services to institutional investors. CEO Brad Garlinghouse said, "Ripple needs to make sure we have the infrastructure in place to attract and scale to a larger, larger community." The transaction was primarily in the form of cash, XRP and shares. Subject to regulatory approvals, the acquisition is expected to close in the coming months. Upon completion of the acquisition, Ripple will "inject billions of dollars in capital to provide immediate scale and meet the needs of Hidden Road's primary brokerage business." Garlinghouse said the prime broker will integrate stablecoin RLUSD as collateral for its prime brokerage product and explore the use of the XRP Ledger to "improve settlement efficiency". According to public reports, Hidden Road plans to open an office in Abu Dhabi. According to people familiar with the matter, the office will be led by partner James Stickland. Hidden Road has received In-Principle Approval (IPA) from the Abu Dhabi Global Market Financial Regulatory Authority (FSRA) to provide clearing and prime brokerage services to institutional investors in the UAE. Sources said Hidden Road could see members of the Abu Dhabi royal family join the board of directors of its local entity after receiving final regulatory approvals. Can Tokenization-as-a-Service be successful? Ripple regains the development time lost by the SEC John Deaton, a crypto lawyer who supports Ripple, said that Ripple's acquisition of Hidden Road is not just a single expansion, but a forward-looking layout for the convergence of DeFi and TradFi. He pointed out that Hidden Road handles more than $3 trillion in transaction volume annually and serves more than 300 institutional clients, serving a bridge between traditional capital and on-chain clearing. Deaton believes that Ripple's "Ripple Custody" custody service, together with the payment and stablecoin systems, constitutes a one-stop blockchain financial service platform. Its vision is to provide banks and other financial institutions with "Tokenization-as-a-Service" (Tokenization-as-a-Service) to realize the integration of the whole process from asset tokenization, mortgage payment to clearing and circulation. According to the Boston Consulting Group (BCG), the digital asset custody market will exceed $16 trillion by 2030. In his opinion, Ripple is trying to seize this dividend and build a technical layer for the tokenization of global financial assets through the XRP Ledger. Another reason for Ripple's acceleration in the Middle East is its recent developments in the U.S. regulatory environment. On May 9, Ripple reached a settlement agreement with the SEC, whereby Ripple will pay a $50 million fine and lift part of the ban. The SEC also stopped appealing the previous ruling, marking the end of this regulatory tug-of-war that has been going on since 2020. Subsequently, on May 28, Ripple's Chief Legal Officer, Stuart Alderoty, filed a supplemental letter with the SEC, emphasizing that XRP does not constitute securities per securities, arguing that most crypto assets should not be considered securities in secondary market transactions, and recommending that the SEC introduce a "safe harbor" mechanism to provide more operational compliance guidance for the digital asset market. At the same time, the approval of XRP spot ETFs is also advancing. On May 28, it was reported that the SEC has launched a formal review of the WisdomTree XRP Fund application submitted by the Cboe BZX exchange. If it can be successfully approved, Ripple may usher in another round of growth in capital and user inflows. Overall, after several years of fierce battles with the SEC, Ripple is rapidly redeploying its global strategy with the Middle East, a regulatory-friendly frontier. XRP Ledger, as its technology hub, is taking on multiple roles from payment infrastructure, stablecoin liquidation, to asset tokenization. If Ripple can successfully promote the implementation of the "tokenization-as-a-service" model, the Middle East may become an important testing ground for Ripple to get out of the regulatory shadow, realize the integration of DeFi and TradFi, and put assets on the chain.

ETH odds are not high. When it comes to investment, just buy BTC. When it comes to speculation, if there's a big player pumping the price, follow along; it can still rise during a bull market. However, if the chain doesn't gain traction, there's no demand, and relying solely on RWA to tell a story won't make a huge difference. So overall, I think ETH should be allocated a bit, just in case. But if you're talking about allocating a lot or chasing high prices, I don't see much point in it. If we're purely talking about consensus, then it's just playing around like a MEME.