The Real Value of RWA: Breaking Information Barriers and Reshaping Settlement Processes
Recently, the concept of RWA( Real World Assets has frequently appeared in various occasions, from financial forums to the startup community, and it seems everyone is talking about "asset on-chain" and "real-world mapping." However, amidst this wave of enthusiasm, we need to think calmly: What problems can RWA actually solve? What fundamental conditions are needed for it to be implemented?
Many people describe RWA as "on-chain reconstruction" of real-world assets, which is not incorrect. However, the true premise of "reconstruction" is to break down the original information barriers and restructure the Settlement process.
Currently, many projects that claim to be RWA are actually just transcribing data that originally exists in traditional systems onto the blockchain. The entire business process has not undergone any fundamental changes: asset generation, value confirmation, yield calculation, investment allocation, and other aspects still rely on the project party.

The crypto assets market has significantly declined recently, with the market capitalization dropping to $950 billion, potentially facing a new round of "crypto winter." Various macroeconomic factors are affecting market sentiment, and investors should respond with caution. Prices are expected to stabilize in the second half of 2025, requiring a more comprehensive assessment of market performance.

According to official news, NASDAQ-listed DeFi Development Corp. (NASDAQ code: DFDV) has announced the purchase of an additional 47,272 SOL, valued at approximately 7.19 million USD.

Last week, there were 15 financing events in the global Blockchain sector, with a total scale exceeding 224 million USD. Among them, the fields of DeFi, Web3 games, and AI+Web3 showed active performance, attracting multiple investments. The financing of the Swiss cloud platform ICN and The Open Platform was significant, with the latter being used to expand the market and develop new applications.

The competitive landscape of public chains has shifted from technical contests to practical product applications. Despite the rise of Solana, most public chains are still striving to catch up. Market expectations are not limited to performance improvements but focus on truly usable application products. The competition will be even more intense in the future, and only products that meet user needs will stand out.

Solana's DePIN sector performed strongly in April, with monthly revenue reaching a new high for the year.
The DePIN track in the Solana ecosystem performed impressively in April, with a total monthly revenue of $458,000, a year-on-year increase of 33%, setting the best performance of the year so far. This growth is mainly due to the stable development of several key projects.
However, the number of active contributors to the DePIN protocol has slightly decreased. The major projects together maintain about 87,000 active contributors. It is noteworthy that in April 2025, the number of contributors to small DePIN protocols saw a significant increase, with one project's growth rate exceeding 100%, while the number of contributors to large protocols remained stable or slightly declined.
The following is an overview of the performance of major DePIN projects in April:
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MiCA Fast Track Raises Regulatory Concerns: Malta Becomes the Preferred Choice for Crypto Giants to Establish in Europe
After the EU's Markets in Crypto-Assets Regulation (MiCA) came into effect, Malta quickly became a popular choice for cryptocurrency exchanges to obtain licenses. This small southern European island has attracted many crypto giants with its flexible regulatory framework, but it has also raised questions about the strictness of its regulations.
The Virtual Financial Assets Act (VFA) introduced by Malta in 2018 laid the foundation for its smooth transition to the MiCA framework. This framework is considered essentially equivalent to MiCA, allowing businesses holding VFA licenses before December 30, 2024, to enjoy a fast track and pre-authorization eligibility under MiCA. This policy has made Malta the preferred location for encryption companies to establish a presence in Europe.
However, while Malta's ability to quickly adapt to regulatory changes has provided convenience for businesses, it has also raised concerns about the substance of its regulation.