Capital tends to pool where it's convenient to manage, and where there's a lucrative yield given the risk. In crypto, that often means capital flows to the chain that already hosts the most activity, as activity doesn't happen unless there's money to be made. That dynamic shows up the most clearly in tokenized real-world assets (RWAs). You can think of RWAs as traditional financial instruments like stocks or bonds that are represented on a blockchain as crypto tokens, so that their ownership and transfer ...