Author: Sleeping in the Rain

Today I want to extend it based on "Binance Launchpool New Project Usual", simple and Let’s talk about my thoughts on the RWA sector.

Preliminary summary

I believe that friends who are interested in this project already know that Usual is a legal currency issuer, and the track is RWA + stable currency , the final output result is $USD0. The current TVL of Usual is 414M.

The native token is $USUAL, which enjoys the governance rights and dividend rights of the agreement. 90% of the total token supply will be allocated to the community, and 10% will be allocated to Teams, VCs and advisors. The market maker should be GSR.

The following are my own thoughts

1. Does Binance’s listing of $USUAL mean RWA The beginning of Token regaining market attention?

From a data point of view, the RWA track ranking rose from 7th to 5th (largely due to the excellent performance of $OM), and the overall ranking is still at In a relatively stable state, the market did not generate enthusiasm for the RWA sector because Binance listed $USUAL.

This is a normal thing. The market is a slave to numbers (prices) and information (catalysts). The market follows the numbers and information and reacts accordingly. Thinking about it from another perspective, we have already seen the layout of large institutions (such as BlackRock) in Ethereum, Avalanche and Aptos. It is foreseeable that the RWA sector will definitely explode at a certain time in the future. When the RWA sector breaks out, $USUALIt will be a good choice for the underlying (listed on Binance + smaller than $ONDO, and $ONDO is not listed on spot).

2. The market’s disenchantment with BlackRock & RWA and the next RWA catalyst

What will be the catalyst for the RWA sector in the future? In my personal observation, the market has gradually become disenchanted with information such as "a project is cooperating with BlackRock".

This is a diminishing marginal effect.

My personal thought is that PayFi's large-scale promotion may have a very positive impact on the RWA sector. We can see that whether it is Paypal, Coinbase or Trump, they are all working hard in this direction. (Here is a note about PayFi: I think the PayFi track is part of the RWA sector)

Paypal launched $PYUSD (also subsidizing users), Merchants are also allowed to buy, hold and sell cryptocurrencies from business accounts.

Coinbase Wallet is using 4.7% APY to attract users and USDC deposits, and we can often hear from the person in charge of the Base ecosystem about the convenience of using Basechain for cross-chain payments.

At the same time, Trump Media Technology Group is also considering launching an encrypted payment service. on Monday applied for a service called TruthFi, describing it as a platform for making crypto payments.

There are various signs that PayFi is likely to become the mainstream narrative in the future market, and it may also become the tipping point for the RWA sector to regain market attention.

3. $USUAL and Pendle

The launch of $USUAL is also good for Pendle. If you often read my Pendle updates, you will notice that I often mention the $USD0 stablecoin pool. Pendle and Usual have been working together for a long time, and this Binance Launchpool will once again increase market attention on $PENDLE.

This is what I like about Pendle, no matter how the market changes, the demand for Yield Farming continues to exist. And Pendle will play a very important role in it. From LSD to LRT, and now BTCFi and Usual, Pendle cannot be avoided.

Remember this sentence: "Yield is everywhere, Pendle is everywhere."