A fan asked: In the RWA track, which one has a better cost-performance ratio?

Answer: Taking $ONDO and $SKY as representatives, two different investment styles, you'll understand after reading!

$ONDO is like a growth stock in the RWA track.

The entire RWA sector is experiencing rapid growth (TVL around 1.8 billion, annual growth rate over 170%). The team is solidly working, expanding the global market, holding EU licenses, engaging in mergers and acquisitions, expanding fund operations, and developing a multi-chain ecosystem.

Good liquidity, many holders, but the current price is still far from its previous high, and the market has not fully priced it in, so the potential upside (elasticity) is greater.

$SKY, on the other hand, is more like a stable DeFi bank stock.

Higher TVL (around 6.6 billion), more stable fee and revenue data, and its “Endgame + USDS” model essentially turns sustainable income into a business.

The trend is steadier, with continuous cash flow, but liquidity is relatively small, and holders are more concentrated, making it more like a “defensive position.” It is less likely to suddenly surge, but it also has stronger resistance to declines and is less susceptible to being dumped.

My choice leans towards $ONDO.

The reason is that if the RWA track really does see an explosion, the market needs a highly elastic, high-growth representative to carry the funds. The growth rate, narrative space, and current price positioning of $ONDO are all more suitable to act as the “fuse” for the explosion of this track than $SKY.

While $SKY is indeed stable and reliable, more like a cash cow, its explosive power is relatively limited.