Binance has recently listed several RWA projects, but most of them are semi-RWA or even fake RWA. True RWA must come with high returns, and the first thing to look at is the business model. For Binance, user numbers are the most important, so there's no doubt that the on-chain Pop Mart will get listed—100% guaranteed. With CARDS having such a small market cap right now, isn’t it better than those tens-of-billions air coins? When something worth tens of billions gets listed, it’s a big win for ALPHA farmers, but for small retail investors buying coins, the experience is pretty bad.