Where does capital hide when narratives are quiet and price is chopping?
I think the quiet rotation’s already underway… ETH ETF is live, BTC’s stuck in a crabwalk, and DeFi yields are limp.
So where’s the “safe” yield flowing?
#RWAs# might be creeping back into the conversation and I’m already seeing signs:
– Total RWA Onchain now $25.45B
– BlackRock’s BUIDL ballooned to nearly $3B
– #Ondo’s products gaining traction across degen DeFi, DAOs, and institutional allocators
– Tokenized Treasuries yielding ~4.5%
Meanwhile, LSDs sit around ~3%. Curve and Aave are still flat unless you’re chasing boo