Conflux's co-founder recently sparked a major discussion about RWA (Real World Asset) data statistics.

Here's what happened: a leading RWA data platform claims that the industry scale has skyrocketed to $410 billion, which sounds truly impressive. But after verification, Forgiven found that this number is heavily inflated. The issue lies in how they define "assets"—by recalibrating the counting method, they include a bunch of assets issued on private chains or within certain closed networks. These assets have limited relevance to the actual crypto market, and their trading liquidity is hard to guarantee.

In contrast, the "Distributed Asset Value" that can truly be distributed and traded on-chain has an actual scale of only about $18 billion—that's less than 4% of the official figure.

This comparison is quite interesting. One is the on-paper number, and the other is the assets that are actually tradable. The RWA track is indeed hot, but issues like data transparency and unified definition standards clearly still need to be discussed thoroughly. Otherwise, investors might have doubts when looking at these numbers.