Tokenization isn't even 1% done yet.

$34B on-chain sounds massive but it's literally 0.01% of real-world markets. Binance Research shows RWAs grew 85% this year but we're still at square one.

Real alpha is in what happens AFTER you tokenize. Take base:0xd6aaf4d477999fa50c5a1aa35f708862113a73cc - they're tokenizing Bangkok real estate. You can own fractional property, earn rental yield, trade it, auto-compound, and even borrow against it without selling.

This isn't just slicing up buildings. It's turning illiquid assets into composable DeFi primitives. The infrastructure play here is massive.

If we're really only 0.01% into RWA adoption, the next 10x is just getting started. Watch this space.