#RWA代币化 After reading the 2026 roadmap of Aave's founder, I have to be honest — this guy's ambition in the RWA space truly blew me away.

Horizon aims to grow from $550 million to over $1 billion, with the goal of tokenizing all traditional financial assets like stocks, ETFs, real estate, and bonds on the blockchain. It sounds grand, but I must warn you: this is precisely the area most vulnerable to being swept for retail investors.

Having gone through countless rounds of FOMO, I’ve learned a hard rule — when a certain sector is suddenly hyped up to the skies, it’s often a sign that the harvest is about to begin. The concept of RWA has indeed gained popularity in the past two years, but very few projects are truly implementable and capable of generating real returns. What’s more painful is that the risks of tokenized assets are seriously underestimated — on-chain defaults, regulatory policy shifts, technical failures, any of which can instantly turn your "safe assets" into air.

Aave’s scale and compliance history are there, I don’t deny that. But don’t be blinded by size — doing the right thing seven years ago doesn’t mean you can still keep control when entering a trillion-dollar asset level today. Institutional-level liquidity brings institutional-level risks; once problems arise, retail investors are the first to suffer.

What really matters is: what is the current asset composition of Horizon? Is the liquidity of collateral really that abundant? In extreme market conditions, can the liquidation mechanisms truly ensure safety? These are the questions that determine whether you can survive long in this game.

Don’t be fooled by the founder’s grand ambitions and past achievements — on the chain, past glory only shows that you once took the right path, but it doesn’t guarantee you won’t stumble into pitfalls forever.