RWA Track: $ONDO / $MLK / $LINK , who are the core infrastructure?

RWA (Real World Assets on Chain) is considered an important narrative for the next stage.

ONDO

Focusing on US Treasury bonds and income-generating products

Clear logic, easy to understand

But highly dependent on the regulatory environment

MKR

DAI is increasingly tied to real-world assets

Mature revenue model

More like a 'crypto central bank'

LINK

Data and oracle are indispensable

Does not directly engage in RWA

But almost all RWA cannot do without it

📌 Some projects are 'front-end'