$thBILL from @Theo_Network is quietly becoming one of the cleanest RWA plays onchain right now In under 4 months they crossed $200M and last 30d alone were ~60% growth. The kicker for me wasn’t just TVL, it’s how integrated it already is: Pendle PT/YT markets (13% fixed + 1.5x points), Arbitrum DRIP support, and stable LP options like USDTO/thBILL if you’re just farming points Feels like the first RWA that actually behaves like DeFi collateral instead of a tokenized brochure for TradFi
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