#RWA代币化# Analyzing the recent performance differences between SOL and ETH reveals several key points: 1) The size gap in treasury strategies is significant, with ETH's camp clearly leading in capital volume; 2) The scale of ETH spot ETFs has reached 22 billion USD, while SOL-related ETFs are still awaiting breakthroughs; 3) The narrative around applications is diverging, with ETH making progress in stablecoins and RWA, while SOL remains focused on high volatility sectors. However, as the "American chain", SOL still has potential, and its new attempts in the RWA field are worth paying attention to. If SOL's spot ETF is approved in the future, it could bring new institutional capital inflows and enhance liquidity. The current pullback may be a buildup rather than a finale, and subsequent developments need to continuously track changes in on-chain data.

RWA-8.35%
SOL-1.96%
ETH-5.1%
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