Some are blaming RWA Perps (whether on CEX or DEX) for drawing buying power from altcoins to gold, US stocks, and oil, causing altcoins to stagnate. I think this is a misjudgment. People naturally prefer volatile assets. Without RWA Perps, people wouldn't continue trading altcoins; they would simply withdraw funds to brokerages to trade gold, US stocks, and oil. When the market is bullish, the funds are even less likely to return to altcoins. Therefore, RWA Perps at least keep funds within the crypto market, making it easier for them to circulate and return.