Recently came across a bunch of RWA projects on the blockchain, the liquidity on the page looks quite impressive, and the depth is also fully displayed, but my first reaction now is not to swap, but to check the redemption terms: who exactly will give you the redemption, how long it takes, what conditions are involved, and whether it can be "paused" in extreme situations. To put it simply, the on-chain trading volume is often just for show; you'll only find out where the exit is when you actually want to leave.

By the way, I see Layer 2s arguing every day about TPS, fees, and ecosystem subsidies, and I’m too lazy to pick sides... The prosperity created by subsidies is a bit like the "liquidity" of RWA—looks good in screenshots, but difficult to realize. Anyway, I have OCD, so I write scripts to automate checks where possible, and ignore anything without a clear redemption path, to avoid feeling like I’m at work.