#RWA代币化 Seeing Galaxy's 2026 forecast, I felt a familiar sense. Over 50 types of altcoin ETFs, the SEC facing lawsuits, major banks accepting tokenized stocks as collateral—these assertions actually reflect a profound shift in the entire regulatory ecosystem.

It reminds me of the ICO frenzy in 2017. Back then, everyone was asking "Where is the next Ethereum," but most projects eventually faded away. Those that survived were not driven by hype but by practical application. The same logic applies to RWA—while it seems to be a hot trend now, only projects that solve real pain points will truly succeed.

The most interesting part of this forecast is the point that "the SEC will face lawsuits due to innovation exemptions." What does this mean? It indicates that regulation is loosening, but the process will inevitably be painful. Relaxed policies always come first, followed by reflection and adjustment. History shows that every policy shift disrupts old pricing logic.

The 2013 altcoin wave, the 2017 token issuance boom, the 2020 DeFi bubble—each time, some people made a fortune, while others lost everything. The key is never to follow the trend blindly but to understand the structural changes behind the cycles. Currently, RWA is being hyped up, but the real opportunity lies in which projects can prove their value once this wave subsides.

Tokens backed by real assets, with mature mechanisms and long-term operational capacity, are the ones worth paying attention to. Others, no matter how many ETF types there are, will ultimately repeat the old path of history.