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「 @MavrykNetwork In-Depth Analysis: "Full-stack" L1 for RWAs Mavryk attempts to integrate "compliant asset issuance + L1 infrastructure + native DeFi stack" into one chain to serve RWA on-chain, trading, and financing. Its route is "compliance module + infrastructure closed loop + institutional landing", which is different from simple chain/coin issuance projects, and is more like moving a "traditional financial highway" to the chain. 1️⃣ Project Overview: Why now? Track: RWA is one of the most deterministic directions in the current crypto market, with increments coming from institutional and compliant funds. Positioning: L1 for RWAs, providing full-process facilities from asset standards, issuance, custody, to DeFi liquidity. The official website and litepaper clearly state that $MVRK is the core of the network gas, staking, and protocol economy. 2️⃣ Technology and products: from asset standards to application closed-loop (a) Asset standard: MRC-30 For compliant issuance and transfer, it emphasizes configurability and scalability, matching traditional asset requirements (KYC/permissions, revenue distribution, compliant transfer, etc.). (b) Infrastructure characteristics Forkless upgrades and modular/multi-layer architectures (including rollups), the goal is to iterate on the underlying capabilities without disrupting the business, leaving room for large-scale asset issuance/settlement. (c) Native application stack Equiteez: An asset tokenization issuance platform for enterprises/institutions; Maven Finance: Lending/monetization component that connects to RWA; Mavryk Wallet: A wallet portal for the public and institutions; These are all visible on the testnet side, reflecting the closed loop of "issuance-custody-trading-financing". 3️⃣Cooperation and Industry Landing: Real estate tokenization from $3B to $10B $3B RWA Tokenization Protocol: Reached a milestone collaboration with MAG & MultiBank Group, planning to tokenize high-end real estate including Ritz-Carlton Residences, Keturah Reserve, and other high-end real estate and issue them directly on Mavryk. $10B Platform-Level Collaboration: × Fireblocks × Mavryk jointly announced the launch of a $10B real estate tokenization platform – Mavryk is responsible for blockchain issuance/DeFi integration, Fireblocks provides institutional-grade custody and tokenization stacks, and MultiBank is responsible for compliance/governance and secondary liquidity support. These cooperation with "asset scale and specific counterparties" means that it is not limited to PPT. If the launch and clearing and settlement can be successfully implemented, the "asset supply side" will be directly connected to the chain, solving the pain point of many RWA projects that only have agreements and no assets. 4️⃣ Token and Economic Model ( $MVRK ) Purpose: A common medium for network gas, staking/security, DeFi collateral and ecological economy. Market availability: CMC/Coingecko is included 5️⃣ Competitors and positioning: @MavrykNetwork Differences from other RWA routes Against "issuance protocol-based" opponents (such as Centrifuge, Polymesh, etc.): Mavryk packages "issuance standard + L1 + native DeFi + wallet", aiming for an end-to-end closed loop, not a single issuance layer. With "multi-chain/asset management" opponents (such as ONDO, etc.): The other party is more like a "cross-chain asset bridge + financial product platform", and Mavryk emphasizes native issuance and clearing on its own L1 to reduce external dependence. Opponents with "pure public chains" (Arbitrum/Optimism/Polygon, etc.): They are general-purpose computing layers, and RWAs are mostly explored by ecological projects. Mavryk regards RWA as a first-class citizen, and the cooperation between the compliance module and the institution is the starting point, not a "compatible item". Mavryk's advantages lie in asset supply and compliance bridging, while risks in ecological breadth and versatility may not be as good as those of large public chains, which need to be compensated for through DeFi stacks and cooperation. 6️⃣ Mainnet and scale: From testnet to mainnet to 100 million assets and user scale, stability, settlement, and risk control must undergo stress tests. Tokenomics sustainability: How well does gas/staking/incentives match real demand? If the pace of asset issuance and trading is not as expected, the token capture value will be discounted. Cooperation fulfillment: The "volume commitment" of $3B/$10B needs to be implemented in verifiable indicators such as issued scale, on-chain activity, and real income distribution. 7️⃣Investors can mainly pay attention to ⬇️ In the short term (1–2 quarters), focus on the following 5 metrics: Mainnet and compliance module: public details of the official launch time, KYC/permission template, and compliance agreement. Issuance and TVL: On-chain issued RWA denomination, TVL, number of active contracts, and real revenue distribution (whether it is available on-chain). Trading and liquidity: Annualized returns on secondary market transaction depth (including compliant whitelist markets), market making and DeFi portfolios. Institutional Cooperation Progress: Delivery milestones for MultiBank/Fireblocks/MAG (pilot assets, batch offerings, secondary market opening). MVRK Economy: Staking participation rate, token release cadence, and ecological incentive cost/benefit ratio. [Finally, to summarize: Why is it worth paying attention to? It designs the "exclusive chain of RWA" from the first principle, and integrates issuance, custody, clearing, settlement, and DeFi into a closed loop, and then superimposes cooperation with MultiBank/Fireblocks/MAG to connect the "asset supply side", which is the most lacking piece of many RWA projects. The core variable? Compliance implementation and stable mainnet expansion. If both go well, Mavryk has the opportunity to form a first-mover network effect at the intersection of RWA×DeFi; The opposite is true for "potential L1". 】 」