According to the analysis data from OKG Research, the profitability of major $DeFi protocols in the market reaches 27.7%, far exceeding the 0.46% of crypto spot ETFs (traditional financial channels) and the 5.9% represented by stablecoins in RWA. The capital efficiency and return advantages of $DeFi have attracted traditional financial institutions on Wall Street to turn to on-chain solutions, with $RWA becoming the key link between $DeFi and traditional finance. Since Trump won the U.S. election at the end of last year, the value of $RWA assets has increased by 38.7%.