#代币化资产 A16z's annual report is out, and there's a new story in the crypto world. The trading volume of stablecoins has reached 46 trillion USD, a number that makes people's hair stand on end—it's 20 times that of PayPal and 3 times that of Visa. What does this mean? The demand for crypto payments is not just a gimmick; it's exploding in real need.

The most interesting part is tokenized assets. US stocks, commodities, and indices are all being on-chain, and traditional assets are entering the blockchain world. This is not science fiction; it's a trend that's happening right now. RWA (Real-World Assets) are moving from conceptual hype to real-world application, and it feels closer than ever.

Decentralized payment systems are expected to be widely adopted before 2026, and that timeline is not far off. Projects entering now that haven't figured out their position in this wave will likely be left behind. The community discussion around this is heating up—whether it's a true opportunity or just another cycle of harvesting, only time will tell who can seize the chance.