🔧 Deconstructing Synbo Protocol: How Consensus-Based Design Is Rewriting the On-Chain Primary Market

Introduction
As the global market capitalization of stablecoins surpasses $285 billion and the tokenization of real-world assets (RWA) exceeds $30 billion, a new financial era is taking shape—one where value no longer flows through traditional intermediaries but through programmable networks. Yet, a sharp paradox persists: while secondary markets...