From the data, trends are sometimes more honest than any narrative. In the permissionless government bond products, $thBILL 's 30-day average daily on-chain trading volume exceeds $10 million, far surpassing other similar products. @Theo_Network alone accounts for the vast majority of real on-chain demand. But it's not just about high trading volume. In my opinion, the strength of thBILL is not just a first-mover advantage, but also that it has tapped into RWA.

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