⚡The Binance Research Institute's latest report shows that the on‑chain RWA market size has reached $31.4 billion, up about 500% since early 2025.
Surprisingly, RWA's penetration into DeFi is still only around 10%.
In other words, the real opportunity lies in the middle layer:
Whoever can link RWA yield, secure collateral, stablecoin liquidity, and user products together may capture the next round of DeFi valuation premium.
From this perspective, each protocol has its own niche:
Aave is large in scale, Morpho offers modular lending efficiency, and Pendle excels at yield splitting.
I think Spark @sparkdotfi's advantage is its complete capital flow, making it well suited for the RWA yield distribution layer:
Beyond SLL providing liquidity, Savings and SparkLend serve as entry points for yield products, along with staking + buyback.
After last week's SPK unlock, the staked amount did not decline; instead, it rose from 551M to 616.3M tokens;
Meanwhile, Spark's treasury continues regular buybacks, which is especially important for the long‑term sustainability that RWA values.
