Let’s be blunt: Right now, 80% of the projects in the market claiming to be RWA are essentially still playing the same old game of 'incentive yields + inflation subsidies.' Plume CEO @chriseyin laid it out clearly in BeInCrypto: Real yield is the only legitimate reason for RWA to exist. Without real-world cash flow, so-called RWA is just 'rebranded DeFi.' ✅ Take a look at many of the current 'RWA' projects: Yields come from token subsidies No compliance pathways No real distribution In the end, it’s just DeFi hyping itself up ✅ By 2026, the only RWA projects that will survive are: Those with real cash flow Those with compliance + distribution capabilities The rest will just be proven to be 'incentive-based financial products.'