According to artificial intelligence predictions, which RWA tokens will stand out in the new bull ma

RWA track rekindled: Analysis of potential tokens in the new bull market

As the RWA (Real World Assets) track re-enters investors 'vision in anticipation of a new bull market, which tokens may stand out and become the focus of attention. We asked ChatGPT this question and asked it to list RWA projects that might perform well in the new bull market.

In the evaluation of artificial intelligence ChatGPT, Centrifuge (CFG), Maple Finance (SYRUP), Ondo Finance (ONDO), Chainlink (LINK) and Plume (PLUME) stood out. However, the return potential of these five tokens is not the same.

The artificial intelligence response does not evaluate the project based solely on its status in the RWA field, but comprehensively considers factors such as practical applications, institutional associations, token value capture potential, market value, fully diluted valuation (FDV), unlocking pressure and historical highs.

Subsequently, scenarios of 5x, 10x and 20x were set for these five tokens. This not only answers "Which project is better?" and also tries to answer "In the new bull market, which project can really achieve higher multiple growth?"

In the end, CFG and PLUME, which have lower market capitalizations, stood out with their mathematically higher asymmetric return potential. However, from a project quality perspective, the situation is completely different.

First place: Centrifuge (CFG)

ChatGPT's first choice is Centrifuge (CFG). The project provides infrastructure for tokenization of RWA on blockchain. It has partnered with institutions such as Apollo, Janus Henderson and S&P Dow Jones Indices to reportedly tokenize more than $2 billion of RWA on the platform. In May 2026, Coinbase announced that Centrifuge had been selected as its preferred tokenization infrastructure and that it had made a strategic investment.

As of August 10, 2026, the trading price of CFG is approximately US$0.1654, the market value is approximately US$62.9 million, and the FDV is approximately US$112.5 million. At this level, 5 times scenarios correspond to a market value of approximately US$315 million, 10 times corresponds to approximately US$629 million, and 20 times corresponds to approximately US$1.26 billion. Its all-time high (ATH) is $0.4004, so returning to ATH requires an increase of about 2.42 times. The current price of CFG is approximately 58.7% away from ATH.

Lower market capitalisation gives CFG high asymmetric potential in bull markets where the RWA narrative is fully priced. But the risks are also high: about 54.6% of the token supply is currently in circulation, and partial unlocking is expected to continue until 2029-2030, with an annual inflation rate of about 3%.

Plume: 20 times eye-catching scenes

The second place is Plume (PLUME). Plume is positioned as a blockchain ecosystem directly facing RWA, with more than 200 applications and protocols in the ecosystem, and institutions and projects such as Apollo, Centrifuge, and Circle also participate.

As of August 10, 2026, the price of PLUME is approximately US$0.01248, and the market value is approximately US$77.1 million. At this level, 5 times scenarios correspond to a market value of approximately US$385.7 million, 10 times corresponds to approximately US$771.4 million, and 20 times corresponds to approximately US$1.54 billion.

The all-time high for PLUME is approximately US$0.2475. Returning to ATH from the current price requires an increase of about 19.8 times and about 95% from ATH.

Therefore, PLUME, like CFG, is regarded as one of the tokens with high asymmetric return potential. However, the market value of approximately US$1.54 billion required for the 20-fold scenario is not guaranteed to be achieved. Conversely, even a return to the old ATH would require about a 20-fold increase, implying a high level of risk.

There are also risks in token economics. About 61.8% of PLUME's supply has been circulated, and the unlocking process continues until 2028. Continued supply releases, high volatility and the high multiples needed to return to historical highs have put PLUME in the high beta and high risk category.

SYRUP: More balanced RWA options

Maple Finance's SYRUP tokens provide different investment logic on the list. Maple focuses on institutional credit markets rather than directly tokenizing assets. The agreement reports an asset management scale (AUM) of approximately US$4.38 billion and has generated more than US$22 billion in loans since 2022.

The actual revenue generated by the agreement is one of the important factors that distinguishes SYRUP from other low-cap tokens.

As of August 10, 2026, the price of SYRUP is approximately US$0.1518, the market value is approximately US$188.7 million, and the FDV is approximately US$188.7 million. Based on this market value, 5 times scenarios correspond to approximately US$943.7 million, 10 times corresponds to approximately US$1.89 billion, and 20 times corresponds to approximately US$3.77 billion.

SYRUP's historical high is approximately US$0.6532. Returning to ATH from the current price requires an increase of about 4.30 times and about 76.8% from ATH.

In terms of token economics, SYRUP takes on a more balanced form. The current supply of SYRUP is approximately 1.16 billion yuan, and the tokens are tracked as fully unlocked.

Therefore, SYRUP stands out with its combination of RWA + institutional credit + real economic activity. Although it does not have as high a beta as CFG and PLUME, it is seen as a more balanced choice in terms of risk and reward due to the lower unlocking pressure and the revenue generated by the agreement.

ONDO: The project is strong, but the valuation is high

Ondo Finance (ONDO) is one of the strongest names on the list in terms of project quality. Ondo's tokenized stock and ETF platform holds more than 440 assets with a total locked value (TVL) of approximately US$1 billion. The project's business scope has expanded to include tokenized stocks, ETFs, DeFi collateral, lending and cross-chain distribution.

However, an important difference arises here: good projects and high-return tokens are not the same thing. ONDO's current market value is much higher than low-cap tokens such as CFG and PLUME.

As of August 10, 2026, the price of ONDO is approximately US$0.3524, the market value is approximately US$1.72 billion, and the FDV is approximately US$3.52 billion. Based on this market value, 5 times scenarios correspond to approximately US$8.58 billion, 10 times corresponds to approximately US$17.16 billion, and 20 times corresponds to approximately US$34.32 billion.

ONDO's all-time high is about $2.14. Returning to ATH from the current price requires an increase of about 6.07 times and about 83.5% from ATH.

So, although ONDO stands out as a strong RWA brand and high-quality project, it does not have the asymmetric structure of CFG and PLUME due to current valuations. In addition, not all of ONDO's supply flows. Currently, approximately 48.7% of supply has been unlocked, and the unlocking schedule continues until 2029. This means that future supply growth may put additional pressure on token prices.

LINK: Chainlink (LINK) ranks fifth on RWA's infrastructure bets

list. LINK is not a direct RWA tokenization project, but due to its position in oracle, data and cross-chain communication infrastructure, it is seen as one of the important projects that may benefit from the growth of the RWA industry. Tokenized assets need to be traded on different blockchains, requiring reliable data, oracle infrastructure and interoperability solutions, which puts Chainlink at the infrastructure level of the RWA narrative.

As of August 10, 2026, the price of LINK is approximately US$8.23, the market value is approximately US$6.16 billion, and the FDV is approximately US$8.23 billion. Based on this valuation, 5 times scenarios correspond to approximately US$30.8 billion, 10 times corresponds to approximately US$61.6 billion, and 20 times corresponds to approximately US$123.2 billion.

LINK's all-time high is about $52.70. Returning to ATH from the current price requires an increase of about 6.40 times and about 84.4% from ATH.

As a result, LINK offers larger, more mature infrastructure bets, but with limited asymmetric multiple potential compared to low-cap tokens such as CFG and PLUME. In particular, the market value of approximately US$123.2 billion required for the 20-fold scenario is much higher than the valuation of approximately US$1.3 - 1.5 billion required for CFG and PLUME to reach the same multiple.

20-fold mathematical analysis of the five RWA tokens

Theoretical calculations based on the approximate market values of the five tokens as of August 10, 2026 clearly show the differences between them:

CFG: The market value is about US$62.9 million, which is-58.7% away from ATH. It takes 2.42 times to return to ATH. It takes 5 times the market value is about US$314.7 million, 10 times it is about US$629.4 million, and 20 times it is about US$1.26 billion.

PLUME: The market value is about US$77.1 million, which is-95.0% away from ATH, 19.83 times back to ATH, 5 times the market value is about US$385.7 million, 10 times about US$771.4 million, and 20 times about US$1.54 billion.

SYRUP: The market value is about US$188.7 million, which is minus 76.8% from ATH, 4.30 times to return to ATH, 5 times the market value is about US$943.7 million, 10 times about US$1.89 billion, and 20 times about US$3.77 billion.

ONDO: The market value is about US$1.72 billion, which is minus 83.5% from ATH, 6.07 times to return to ATH, 5 times the market value is about US$8.58 billion, 10 times about US$17.16 billion, and 20 times about US$34.32 billion.

LINK: The market value is about US$6.16 billion, which is-84.4% away from ATH. It takes 6.40 times to return to ATH. It takes 5 times to market value is about US$30.8 billion, 10 times to approximately US$61.6 billion, and 20 times to approximately US$123.2 billion.

Please note that the 5x, 10x and 20x values here are not price targets. The calculation shows the approximate market value that will be achieved if the current market value increases at the same rate. Actual price performance depends on multiple factors such as liquidity, supply distribution, token unlocking, market conditions, investor demand, and project adoption rates.

table also shows that a low market cap in itself does not guarantee an increase. But in smaller projects, the total market value required to reach the same multiple is much lower. This is especially reflected in CFG and PLUME: the market value of the two tokens required to reach in the 20-fold scenario is in the range of approximately US$1.3 - 1.5 billion. By comparison, ONDO requires approximately $34.3 billion and LINK requires approximately $123.2 billion. Therefore, from the perspective of the same 20-fold multiple, there is significant asymmetry between the five tokens.

So which is more likely to bring higher returns in the new bull market?

Judging from the market value required by 20 times the scenario, the ranking is clear:

1. CFG -approximately US$1.26 billion
2. PLUME -approximately US$1.54 billion
3. SYRUP -approximately US$3.77 billion
4. ONDO -approximately US$34.32 billion
5. LINK -Approximately US$123.2 billion

This ranking shows why CFG and PLUME stand out with their high asymmetric return potential. However, the situation varies depending on the quality of the project. In this regard, ONDO and LINK perform well, while SYRUP is also in a strong position with its real economic activity and token economics structure.

Because of this,"best projects" and "highest return potential" are not answers to the same question. CFG provides the highest asymmetric potential due to its low market cap;PLUME is a more radical and speculative option;SYRUP is distinguished by its position in the institutional credit market, revenue generation, and a more balanced token economics structure;ONDO stands out with its strong RWA brand and expanding tokenization ecosystem; and LINK, although not a direct RWA token, provides a solid position in industry infrastructure.

ChatGPT's final RWA ranking

ChatGPT's assessment reveals a different investment logic rather than a single "best RWA token":

Centrifuge (CFG): Becomes the token with the highest asymmetric return potential due to its low market cap and position in institutional tokenized infrastructure.

Plume (PLUME): With its low market cap and high beta structure, it has become the most aggressive and speculative choice.

Maple Finance (SYRUP): Considered one of the most balanced options in terms of risk-reward, due to its real income generation, position in institutional credit markets, and more balanced token economics.

Ondo Finance (ONDO): As one of the most powerful projects in the RWA industry, it has a strong tokenization ecosystem, but its high market capitalization limits its asymmetric multiple potential compared to CFG and PLUME.

Chainlink (LINK): Although not a direct RWA tokenization project, it has become one of the most powerful infrastructure bets in the industry with its oracle, data and interoperability infrastructure.

In summary, if a new RWA bull market takes shape and the industry is fully priced again, the highest multiple potential will appear on the CFG and PLUME side. However, it should be noted that these two tokens have higher volatility, liquidity and supply risks. For investors seeking a more balanced risk return, SYRUP is the choice; investors focusing on a strong RWA project image can focus on ONDO; investors who prefer the infrastructure side can choose LINK.

This assessment does not constitute investment advice. Calculation is based on a theoretical scenario formed based on approximate market data around August 10, 2026. The future performance of crypto assets depends on multiple factors such as market conditions, liquidity, token supply, unlocking schedule, adoption rate, and investor demand.

This content is based on general market data and does not constitute investment advice. It is recommended that you conduct your own research.