As for depin, i'm not so sure, future is pretty uncertain but there are great depin project out there, it's just that the new project are mostly just feels pretty weak.

On the other hand, the RWA sector is blooming, most of people don't even realize they're using RWA like t-bill and bond backed stablecoins.
It's looking pretty bright with the future of RWA sector, with giants like blackrock actively pushing the growth and other institutional as well.