RWA tokenization is rotating through basis compression

When RWA tokenization and protocol revenue disagree, sizing down beats inventing a clever story.

Put beside current chatter on “Bitcoin White Paper Turns 18 With Payment Verification Still at Its Core,” the incentive problem looks clearer.

Attention jumps quickly; capital moves more slowly.

That is why similar announcements can spark rallies one month and shrugs the next. The catalyst is visible; the balance sheet behind the move is not.

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