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Tomer Tunguz 博客·· 3 天前AI 评分45

科技界增长最快的市场不是 AI,而是加密领域的 RWA

The Fastest Growing Market in Tech isn't AI

AI 导读

过去 20 个月,RWA 交易月增速达 53%、累计增长 5,133 倍,RWA 现货交易量月增速 36%、累计 483 倍,均远超同期 Anthropic 营收的 25% 月增速和 65 倍累计增幅。

正文

The fastest growing market in the world isn’t AI ; it’s in crypto.

Market Monthly growth, 20 months Multiple
RWA trades 53% 5,133x
RWA spot volume 36% 483x
Anthropic revenue 25% 65x

1

Real world assets (RWA) means enabling stocks & commodities like oil & copper to trade on blockchains, handling nearly 100% of the public price discovery when the commodities exchanges close.

RWA powers IPO pricing weeks before public listing for Anthropic, OpenAI, SpaceX, & Cerebras,2 using instruments called perpetuals on stocks;3 & RWA provides international access to important companies.

Stablecoins, digital money, have become a top-10 buyer of US government debt, more than China, Norway, & Switzerland, & they settle the transactions behind each of these tokenized assets.

Every major financial player is pushing into RWA, from J.P. Morgan to HSBC to BlackRock, Citi, Goldman, Franklin Templeton, Robinhood,4 Stripe,5 & many others.

Tokenized RWA spot volume grew 483x in 20 months

As this market grows, blockchain data is essential. Bloomberg announced their RWA dashboard, powered by Allium, a Theory company.6, 7

The future of finance is onchain, & we’re rapidly seeing that transformation.


  1. Compound monthly growth rate, trailing 20 months. RWA data from Allium rwa.core.spot_trades (Jan 2025 – Sep 2026); Anthropic revenue run rate from Reuters/Bloomberg/CNBC ($1b end-2024 to $65b July 2026). ↩︎

  2. Hyperliquid: Pre-IPO Price Discovery on Crypto Rails (Talos) : Cerebras pre-IPO perp traded within 1.3% of its Nasdaq open ; SpaceX perps carried ~$215m OI & ~$2.2b cumulative volume pre-listing. ↩︎

  3. Pantera Capital, State of Tokenization : September 2026 : stock perpetuals on Hyperliquid & Lighter reached $67.8b in June, 16x tokenized equity spot. ↩︎

  4. DTCC begins first tokenized stock and Treasury production trades (The Block, July 15 2026) ↩︎

  5. Stripe’s stablecoin network — Stripe acquired Bridge & now settles stablecoin payouts, including Meta creator payouts, onchain. ↩︎

  6. Allium ↩︎

  7. Bloomberg Launches Stablecoin Dashboard on the Terminal Powered by Data from Allium (PR Newswire, Sept 30 2026) ↩︎

来源:Tomer Tunguz 博客 · tomtunguz.com