From chain abstraction full-stack infrastructure to launching an end-to-end versatile SDK for RWA and stablecoins, honestly, such a rapid "track switch" happening at @ParticleNtwrk is not surprising. However, one question is worth pondering: on the eve of the trillion-dollar RWA market explosion, what gives Particle the edge to take the first bite? First, a question arises: why is Particle shifting from relatively mature chain abstraction infrastructure to the RWA trading layer? The answer is not hard to understand: infrastructure can only truly release value when it finds essential application scenarios. As mentioned in a previous article, handling $670 million in transaction volume over six months, Particle's Universal Account multi-chain liquidity layer has already been validated on UniversalX. But it’s important to understand that the chain abstraction track ultimately serves existing crypto users, and the ceiling is quite limited. The RWA track, however, is completely different; it is a true "breakthrough" scenario that can bring traditional financial users into Web3. In this scenario, there is a significant pain point for projects onboarding users: how to simplify the operational process and enhance the experience? It’s worth noting that this is a competitive advantage accumulated by Particle over the years. Therefore, this time, Particle did not just create an RWA asset tokenization solution like other providers; instead, it chose to build a universal trading layer for RWA assets—users holding dollars can seamlessly trade tokenized assets from around the world, including U.S. stocks, Hong Kong stocks, and more. Because, compared to projects that are building RWA platforms from scratch, Particle has a ready-made and validated tech stack, leading to superior development efficiency and user experience. As for the series of favorable changes in the U.S. regulatory environment, there’s no need to reiterate. Undoubtedly, RWA is moving from a gray area to compliant mainstream, and the prospects and capacity of the RWA market are enticing enough, so here it comes, here it comes, here it comes! Now the question arises: assuming that by 2030, the stablecoin supply chain is expected to grow to $37 trillion, plus $30 trillion in RWA and $3.8 trillion in real estate tokenization market, how much market share can Particle capture? From a product positioning perspective, Particle is taking the "universal trading layer" route, similar to "Uniswap" in the RWA field. This positioning is quite clever; it avoids reinventing the wheel to do specific asset tokenization and instead focuses on providing optimal trading infrastructure. $PARTI, as the core token of the ecosystem, will capture the value of on-chain and off-chain universal trading, and the tokenomics design is also reasonable. However, competition in the RWA track will be exceptionally fierce. Traditional financial giants, crypto-native teams, and regulatory-friendly compliant platforms will all rush in to grab a piece of the pie. Particle's advantage lies in Web3-native technology and user experience, but to truly establish a foothold in the trillion-dollar market, it will depend on whether it can quickly expand its partner network and continue to invest in regulatory compliance. But I think, ultimately, "the early bird catches the worm"; being able to complete the layout with solid technical foundations and excellent market intuition on the eve of the RWA explosion is already sufficient.