币界网报道：Ethereum is still in the lead in the RWA market, thanks to its first-mover advantage, past institutional cases, deep on-chain liquidity, and decentralized architecture. Faster, lower-cost L1 blockchains, as well as RWA-specific chains designed for compliance, are making up for Ethereum's limitations in cost and performance. The next phase of critical growth for RWA will depend on on-chain regulatory compatibility, a service ecosystem built around real-world assets, and ample on-chain liquidity. Ethereum's dominance in the RWA market is unlikely to remain the same, and the competitive landscape will change significantly. The next leading RWA platform will be able to simultaneously achieve a fully integrated on-chain compliance framework, a service ecosystem built on tokenized assets, and deep and sustainable liquidity to ensure real purchasing power.