Today I saw a pretty interesting piece of news.

In the first half of this year, Tether continued to significantly increase its gold reserves, and its holdings of Tether Gold (XAUT) have also been growing.

Many people’s first reaction is:

What does USDT have to do with gold?

But what I’m more interested in is something else—

Crypto is slowly moving from a “trading market” toward an “asset market.”

In the past, most people discussed BTC, ETH, and SOL the most.

Now more and more capital is starting to focus on:

stablecoins;
RWA;
gold tokens;
Treasury bond tokens.

The common point among these assets is:

Real-world assets are increasingly moving onto the blockchain.

So when I look at the market now, I won’t only watch the price.

I want to know:

Has the flow of funds changed?

Are on-chain transactions becoming more active?

Which assets are starting to receive sustained attention?

Recently, I’ve been using Ave.ai to look at trading data across different assets and changes in on-chain capital.

Because whether a hot topic can last ultimately depends on the data—not on emotions.

If more and more real-world assets move onto the blockchain in the future, what do you think will be the next most worth watching track?

RWA? Stablecoins? Or gold tokens?