Lately, I've been seeing a bunch of RWA on-chain projects hyping up "depth" and "liquidity," and I start to have some doubts: the transaction volume on-chain is often just an illusion, and when you actually want to redeem, the terms are like a maze—lock-up periods, limits, reviews, and even "offline cooperation," basically hiding liquidity in fine print.

I've stepped back from the bridge and now only have one word in mind when I see this kind of stuff: backup. Don't treat "being able to sell" as the only exit; you need to leave yourself a redundant plan: in the worst case, can you wait? Can you sell in batches? Can you accept a discount to exit? Otherwise, a sudden emotional reversal can leave you stuck.

The collapse logic of blockchain games is also quite similar—inflation + studio + coin price spiral. It looks lively most of the time, but once inflows stop, the truth immediately shows. If the redemption mechanism for RWA isn't strict, it could eventually turn into a false prosperity of "someone quotes a price but no one takes the deal." For now, I'll keep going through the terms.