Real-world assets (RWA) on different blockchains are diverging ↓ • Ethereum RWA: $21.75 billion • Solana Decentralized Finance Total Value Locked: $6.78 billion Ethereum's RWA alone has surpassed the entire Solana decentralized finance ecosystem. But the growth rate is changing: • Solana RWA: Grown from $457,000 to approximately $1.26 billion in about 6 weeks • Currently covers funds, stocks, private lending, and other areas This means: • Ethereum = Dominant, with an institutional base • Solana = Fastest growing, in the early stages of capital inflow Two development paths: → Ethereum focuses on the present → Solana is gaining momentum Same RWA narrative, different adoption speeds