WOO X Co-Founder Highlights Crypto Trends and BSC Sell-Offs
Jack Tan,co-founder of WOO X,shared insights on the evolving crypto market. He emphasized the growth of real-world assets (RWAs) and recent sell-offs in the Binance Smart Chain (BSC) ecosystem.
RWAs are gaining traction. Tan predicts the sector coudl hit $16.1 trillion by 2030. This shows the potential of asset tokenization. Projects like ONDO, LINK, MKR, and PLUME are set to benefit. They focus on tokenization, liquidity, and decentralized finance.
Institutional interest is rising. BlackRockās BUIDL fund grew from $100 million to over $1 billion. It now holds 30% of the tokenized U.S. Treasuries market. RWAs are also expanding into new financial products.
Ondo Finance partnered with Mastercard to integrate its OUSG bond fund. This allows crypto payments to interact with traditional systems. Coinbase is reportedly working with Backed to launch tokenized stocks like āwbCOINā on its Base network.
However, the BSC ecosystem faces challenges. Projects like MUBARAK and PALU saw increased liquidity. But investor confidence was shaken after crypto influencer Wolfy_XBT was accused of triggering panic sells of BNB Card-related tokens. This sparked discussions about risks in tokenized ecosystems.
As RWAs gain momentum and crypto markets respond to macroeconomic shifts, projects like ONDO, LINK, MKR, and PLUME are well-positioned to capitalize on the evolving landscape.
