The RWA track continues to heat up, but there is a longstanding challenge in the market—assets are easy to put on the chain, but liquidity and pricing have become bottlenecks. Many projects move assets onto the chain but then lose follow-up development, leaving them immobile and essentially useless.

Recently, a noteworthy case has caught attention: WorldAssets has completed an upgrade and evolved into RWAX, directly transforming the underlying structure to address the liquidity dilemma of RWA. Rather than just product iteration, it captures the real pain point of the RWA market—not only solving the issue of on-chain asset placement but more importantly, truly revitalizing the assets. The industry generally considers this a sign that the RWA ecosystem is advancing to phase 3.0, shifting from the mindset of "on-chain completion" to a new paradigm of "liquidity and pricing in parallel."