#证券代币化与RWA After reviewing Stani's latest 2026 plan, some viewpoints are worth pondering.

Horizon is indeed an impressive layout—using RWA as collateral to borrow stablecoins, this logic is very clear. But the key question is: will institutions really flood in on a large scale? Currently, with a volume of $550 million, reaching $1 billion or even higher requires not only a well-developed product but also sustained friendly policy attitudes. The SEC's four-year investigation has concluded, regulatory pressure has eased, which is a significant positive for the RWA track. But don’t forget—regulatory directions can change at any time.

From a copy-trading perspective, I am more focused on the Hub&Spoke model in V4. If this architecture can truly support trillions of dollars in assets, it means Aave’s risk-bearing capacity will reach a new level. This directly impacts copy-trading strategies: during this infrastructure upgrade cycle, top traders’ risk appetites may shift. Some aggressive traders might increase their positions, while more conservative ones might reduce leverage, waiting for stress test results of the new system.

Regarding Aave App reaching one million users, I remain cautiously optimistic. Zero-fee deposit and withdrawal channels are indeed attractive, but user retention on mobile remains a long-standing issue in DeFi. I will closely watch whether top traders also start allocating funds through this channel after the app’s launch early next year—that will be the real signal.

The current question is: who to follow, how to follow, and how much to follow. This timing is very delicate. I suggest first lightly positioning to observe the movements of a group of forward-looking traders with strategic layouts in RWA and institutional business. After real data from V4 and Horizon come out, then consider increasing positions. Practice makes perfect; data doesn’t lie.