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Electric Capital:93% 真实世界收益来源尚未进入 DeFi

2026-03-23 11:16:47
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ChainCatcher 消息,Electric Capital 最新研究报告盘点了 501 个真实世界收益来源,发现其中仅 34 个在链上规模超过 5,000 万美元,主要集中于美国国债、私人信贷与企业债。其余 93% 受七大障碍阻拦,包含法律结构、实体整合等问题。

报告指出,分发渠道是最大瓶颈,在 35 个链上有收益的非稳定币 RWA 中,仅两个持有人数超过 2,000 位,且头部资产高度集中。以 BlackRock 的 BUIDL 为例,前十大持有人掌控 98% 供给。

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