There's a category confusion happening in crypto that matters: synthetic perps on equities and commodities keep getting lumped into RWA narratives, but tracking a price feed is fundamentally different from holding an asset that actually pays you.
Injective ($INJ) does the synthetic side well — their iAssets stay open 24/7, which is a real advantage. But I wouldn't file it next to tokenized property or yield-bearing real-world assets.
Synthetics give you price exposure. RWAs give you ownership, cash flows, dividends, or rent. Different risk profiles, different use cases. The market needs to stop treating them as the same thing just because both touch "real world" pricing.
Injective ($INJ) does the synthetic side well — their iAssets stay open 24/7, which is a real advantage. But I wouldn't file it next to tokenized property or yield-bearing real-world assets.
Synthetics give you price exposure. RWAs give you ownership, cash flows, dividends, or rent. Different risk profiles, different use cases. The market needs to stop treating them as the same thing just because both touch "real world" pricing.