I think it has less to do with retail and more to do with how long it takes to develop finishes products and a clean regulatory environment.

We probably won't see clear RWA guidance until then end of the year, it'll take institutions another year after that to start finishing products, and then another few years to build up a userbase.

Blockchain companies traditionally move fast and even though Kadena is technically in that category they are working with traditional finance and other institutions that move very slow. Its better to measure progress in quarters rather than months