Woken up by the alarm clock in the morning, during the few seconds of feeling around in the dark for the charger, I always think: Is the battery full or just "showing full"? Recently, watching RWA on-chain also has that vibe, with liquidity seeming to surge on the interface, with orders layered upon layers, only to realize when redeeming that the terms are written like sea fog—window periods, limits, counterparty confirmations... It’s not as smooth when it drags on.

After cross-chain bridges are hacked and oracles report errors, everyone has learned to "wait for confirmation" first. I actually think this consensus is quite honest: don’t be fooled by the instantaneity on the chain, the slow and difficult redemption is the true underlying nature. Conclusion: RWA should first look at redemption terms before scale, or else liquidity might just be a splash on the screen.