The Smartest Money Moves First: Why DEXs, RWA, and AI Will Torch Everything | by Chip Mahoney | The Capital | Mar, 2025
Hey Medium frens,
You know I don’t just throw stuff at the wall to see what sticks. I follow the money. And if you’re watching the crypto market like I am, you know where liquidity really moves first — it’s not meme coins, it’s not vaporware startups, and it’s certainly not some overly complex “Ethereum killer” L1 that no one asked for. It’s DEXs.
Decentralized exchanges are where liquidity touches first before narratives explode. It’s where traders, market makers, and insiders park their capital before retail figures out what’s happening. And I’m telling you right now: DEXs, RWA, and AI are about to be the only three things that matter.
BlackRock just backed a new breed of stablecoin with Ethena’s USDtb, tied to its BUIDL fund. Translation? Institutional money is slowly creeping on-chain. If stablecoins get more regulatory clarity and more financial giants get involved, you don’t need to be a genius to see what happens next: Tokenized RWAs (Real-World Assets) are coming full throttle.
Stablecoins are the gateway drug for TradFi. Once BlackRock and friends are comfortable holding on-chain yield-bearing…
