#代币化 Seeing that the trading volume of stablecoins reached $4.6 trillion last year, I have some thoughts I want to share. This number itself is astonishing, more than twenty times PayPal’s, nearly three times Visa’s, reflecting that on-chain financial infrastructure is rapidly maturing.

But what I want to say is not to chase this hot trend. On the contrary, the path of traditional asset tokenization is accelerating, and we need to maintain calm judgment even more. The more new opportunities emerge, the easier it is to lose rationality—seeing others’ gains in this ecosystem makes people excited and eager to increase their positions.

My advice remains consistent: although the prospects of tokenizing assets are worth paying attention to, when allocating, ask yourself three questions. First, is this amount of money a reasonable proportion of my asset allocation? Second, do I have a full understanding of the risks in this field? Third, can I withstand the psychological pressure of this portion of funds amid volatility?

The growth in stablecoin trading volume indicates market maturity, but market maturity does not mean individual investments should be aggressive. In the long run, those who stick to reasonable positions and continuously learn about risks tend to go further than those blindly chasing highs. This logic was true in the past, and it remains true now.