Recent market fluctuations have been volatile, and short-term timing is indeed difficult to grasp. But looking ahead to 2026, the deep integration of fixed-rate agreements and RWA is the truly noteworthy direction.

Recently, I saw new developments in fixed-rate lending platforms, and this update is quite significant—directly allowing tokenized stocks as collateral for fixed-rate loans. This idea is very interesting, essentially connecting traditional financial assets with the DeFi lending system, and the application scenarios for RWA have suddenly come to life.

If this model can operate stably, it indeed has the potential to become the growth engine for the next cycle.