Space Review | 2025 Bull Market Double Helix Code: RWA Stable Chassis + Meme Ignition Engine, Unlocking a New Paradigm of Bull Market

In the second half of 2025, the implementation of the Stablecoin Act and the trend of RWA on-chain will continue to advance, and the TVL of protocols such as Plume will grow explosively, becoming a safe haven for funds seeking stable returns. At the same time, meme assets still play the role of "liquidity narrative triggers", especially in AI and other theme sectors.

In traditional perception, structured financial assets and emotional meme narratives are like ice and fire. Institutional funds chase the stable income of RWA, and the emotions of retail investors are instantly ignited by a "meme", setting off a liquidity tsunami on the chain. Nowadays, they are more like a "chassis + engine" in the operation of funds: RWA undertakes the principal, and Meme releases flow.

On the stage where institutions and retail investors dance together, is the rock-solid on-chain of real assets and the ever-changing Meme narrative triggers interpreting the rotation of the sector, or is it a deeper ecological symbiosis? In response to this core topic, this SunFlash roundtable invited a number of guests such as industry investment research analysts and crypto KOLs to focus on the tension and switching between "cold structure" and "hot flow", and discuss whether memes can become a "light narrative indicator" to guide the direction of liquidity in the next stage under the pattern of coexistence of institutional and retail capital structures.

Here's a recap of this issue of the SunFlash roundtable.

RWA outbreak: a capital revolution that seeks progress while maintaining stability, and the two-wheel drive of policy and technology

When the market was hotly debating whether the outbreak of the RWA track stemmed from the "risk-off instinct" of liquidity, Beidouxing pointed out the essence: "The trauma of the bear market makes funds thirsty for a safe haven anchored in reality". He used the Treasury-pegged RWA token as an example to reveal its dual advantages: RWA not only retains the stable income of traditional assets, but also achieves more flexible liquidity than bank fixed deposits through on-chain collateral lending.

Tieshu completes the puzzle from a regulatory perspective, emphasizing that policy relaxation is the spark that ignites the market: "The testing policies of Hong Kong and Singapore have released a clear signal, and the door to Web3 access to the real economy is opening." In his view, the essence of the rush of institutional funds is to bet in advance on compliance expectations, "pigs on the tuyere can fly, and RWA is the current policy outlet."

Youyou uses Plume's explosive data to support structural changes: 4 million users on the testnet and $4 billion in tokenized asset management scale, confirming that RWA is reconstructing asset logic with a "liquidity revolution". CiCi also gave relevant data: the total lock-up volume in the RWA field soared from $2 billion to $8 billion in 2025, and in the first quarter of 2025, RWA mortgage lending caused Aave-related businesses to soar by 150%. She further explained: "The structural dividend of RWA is like breaking down traditional assets, such as a house can be divided into 100 shares for sale, ordinary people can afford it, and bonds are settled in seconds. The voice of "more reliable than currency speculation and more flexible than buying funds" in the community discussion just shows that this outbreak is not narrative-driven, but an inevitable product of stable market demand.

Meme narrative evolution: from stage center to rotation engine

When the host raised the question of "whether Meme transforms from the main narrative to the rotation starter", Youyou pointed out the market fatigue: in 2025, the proportion of successful Meme launch platforms will fall off a cliff, in her view, Meme is undergoing an inevitable transformation from "24 years of 100 billion market value main narrative" to "25 years of plate rotation fuse", It began to act as a drainage entry point for AI, DeFi, and RWA, which is the transfer of narrative energy rather than its demise." In the long run, she believes that Meme is unlikely to "fall", and Meme attributes are naturally compatible with the psychology of most cryptocurrency players, but Meme may develop in a more stable direction in the future.

Crypto Sky believes: "Instead of being marginalized, Meme has been promoted to the bottom syntax of the Web3 world”。 He pointed out that the project is taking the initiative to "Meme" to achieve cultural breaking, "it is no longer a side door, but an on-chain social hard currency." David.eth proposed the evolution theory of Meme: "On the one hand, the traffic tool-based Meme is responsible for emotional ignition, and on the other hand, the AI fusion Meme continues to activate the community, and the Meme narrative is not degraded, but differentiated or transformed." "For example, SunPump's AI coin issuance tool SunGenX allows users to issue coins and seamlessly participate in market hotspots, which makes the project more vibrant.

SunPump's Double Helix Survival Law

In a market environment dominated by structural assets, the development strategy of Meme fair launch platforms such as SunPump needs to adopt a dynamic fusion model, which should not only retain the original explosive power of emotional activation, but also build a conversion channel to physical value。 The core is to transform the viral power of Meme into a diversion engine for structural assets: on the one hand, it retains the original ignition ability of "meme + community meme" to ensure the cold start efficiency of the project; On the other hand, it presets value conversion channels for each meme token, such as setting up a token staking mechanism, so that holders can exchange RWA protocol income certificates or obtain stablecoin mining pool bonus rights, allowing speculation funds to flow naturally to real assets.

Under the new paradigm of a bull market dominated by structured assets, SunPump's future breakthrough lies in building a "sentiment-value" dynamic converter:

l Retain the original explosive power of Meme: Use innovative AI coin issuance tools such as SunGenX to lower the threshold for issuing coins, stimulate community vitality, and provide cognitive entrances for concepts such as RWA through viral symbols such as SUNDOG and PePe;

l Laying value precipitation channels: Through token pledge to exchange RWA income certificates, stablecoin mining pool rights and interests, etc., so that speculative funds flow to real assets.

This mechanism can convert the communication potential energy of Meme into physical growth fuel, ultimately making the platform a key energy conversion hub in the bull market paradigm migration.

Conclusion

This roundtable subverts the traditional cognition, and the "RWA hedging rigid need" revealed by Beidouxing and the "Meme social syntax" proposed by Crypto Sky are actually the positive and negative sides of the same coin. Volatility is not synonymous with irrationality, but an amplifier of value discovery, and innovation is not a solid antithesis, but an accelerator of value growth. RWA+Meme may complete a deeper ecological symbiosis in a new round of bull market.