Plume - RWAfi L1 (@plumenetwork): From 4% to 18% in 5 years? Neobanks are eating up global market share from traditional banks in both developed and emerging markets.

From 4% to 18% in 5 years? Neobanks are eating up global market share from traditional banks in both developed and emerging markets. The secrets to their success is the early adoption of crypto, and soon, real world assets (RWAs) like stablecoins. By 2030, the TVL of RWAs managed by neobanks could surge to $20+ billion. Here’s what’s fueling the boom: ✨ Better yields: With savings rates lagging, neobanks could offer high-quality yields from tokenized treasuries, ETFs, and more. 💸 Faster transactions: Neobanks have started to implement fast stablecoin payments and cross-border remittances in places like Latin America and Africa. 🌍Lower fees: Neobanks undercut traditional banks (e.g., 0.1% FX fees vs. 3%). Plus, offering RWA-based collateralized loans could cut approval times from weeks to zero. ➳ What does this mean for retail users and businesses? Neobanks are becoming a critical gateway to onchain finance. As neobanks' market share increases, access to RWA-backed onchain yields, lending, borrowing, and trading will also increase. What other effects will be seen from this trend? Let’s discuss in the comments! 👇