Looking at the crypto market lately, it feels like two completely different worlds are unfolding. On one side, institutional capital is paving a safe road for growth, while the other is in chaos due to a series of security breaches.

Most notably, Stellar is dominating in RWA. It is receiving significant institutional preference, to the point where it accounts for a large portion of daily RWA growth. On the other hand, the L2 and DeFi ecosystems, where retail investors flock, look rather unstable. Following a $6 million asset theft from a Base ecosystem vault, Zano Protocol went as far as performing an extreme rollback—reverting an entire month of the blockchain—to resolve a severe inflation bug.

Ultimately, the market seems to be polarizing rapidly into 'safe institutional RWA' and 'high-risk DeFi.' Institutional capital is taking shelter in secure, regulated infrastructure, while individuals continue to face frequent security risks. This is quite an interesting gap, don't you think? It'll be worth watching closely to see how the divide between these two camps narrows over time haha.