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Author: Bonna | U Buttermilk, Partner, Nothing Research

The RWA narrative isn't about traditional crypto companies stealing users from crypto, but rather crypto companies stealing users from traditional ones.

I. A Weekend and a Set of Data

On February 28th, the US launched an airstrike on Iran.

Because it was the weekend, traditional markets worldwide were closed, but @HyperliquidX was open, and a large number of users flocked to on-chain trading of crude oil for the first time. On March 2nd, commodity markets reopened, Brent crude oil jumped, and RWA trading volume on Hyperliquid saw its first peak.

The crisis didn't end with Khamenei...

Re-examining RWA: Nearly 50,000 people's first on-chain transactions were not Bitcoin, but rather stock indices and crude oil traded via Hyperliquid.

Tether's data and AI division, QVAC, announced a major technological breakthrough on March 17th, launching the world's first device to support Microsoft Beta […]
The article "Tether Launches World's First Mobile-Based 'Billion-Level AI Training Framework', LoRA Can Be Run on iPhones and Samsung" was originally published on BlockTempo, the most influential blockchain ABMedia media.

Tether launches the world's first mobile "billion-level AI training framework," enabling LoRA training on iPhones and Samsung devices.

Despite recent signs of a rebound in buying activity on cryptocurrency exchanges, renowned on-chain analyst Willy Woo has issued a stern warning: Bitcoin (BT [...])
The article, titled "Bitcoin Could Reach $85,000, But Is It a 'Bull Market Trap'? Analysts Warn: The BlockTempo Market Is Only One-Third Over, and Bulls Are Extremely Vulnerable," was originally published on BlockTempo, the most influential ABMedia media.

Bitcoin's potential rise to $85,000 could be a "bull market trap"? Analysts warn: the bear market is only a third of the way through, and bulls are extremely vulnerable.