#代币化资产与RWA I recently came across a statement suggesting that a "crypto winter" might arrive in 2026, which makes me a bit nervous😅 But what intrigues me more is why this downturn cycle seems different from previous ones.

The fears of large-scale liquidations and systemic crashes may not materialize because now institutions, not retail investors, are steering the ship. This sounds like a relatively "mild" adjustment. Also, I’ve noticed an interesting phenomenon—token prices are starting to diverge from on-chain fundamentals, especially in DeFi and tokenized assets.

Honestly, I’m still trying to understand the concept of tokenized assets (RWA). It feels like bringing real-world assets onto the blockchain. If that’s the case, then the market’s institutionalization and on-chain transformation might actually be long-term positives, right?🤔

And then there’s the passing of the US “Digital Asset Market Clarity Act.” It sounds like regulation is becoming clearer, and banks and asset management firms might become more active. Does this mean the entire ecosystem is becoming more mature and stable?

Even if short-term prices face pressure, the infrastructure and compliance pathways being solidified seem to be more worth paying attention to. Can experienced folks help me understand what institutionalization means for us newbies?