I feel that with RWA on the chain, the liquidity looks pretty good, but I now prefer to think of it as a "potentially always-closed ATM," so don't assume redemptions will go smoothly. Honestly, the trading volume on-chain is often just superficial excitement; when the market pulls back and everyone wants to redeem, the terms like queuing, limits, extensions, or even suspensions are what determine whether you can get your money back.

Recently, I start by checking the redemption rules on project pages, then look at how asset custody/auditing is described, even if it’s slower. Also, the tagging system of those on-chain data tools, being criticized for lag or potential misguidance, isn’t surprising—who the whales are, where the funds come from, sometimes it’s just not that “clear.” Anyway, I treat it as a helpful reference, don’t take tags as gospel… That’s it for now. I’d rather earn a little less than fall asleep in the illusion of liquidity.