AI Summary: ZKSync: Ghost RWAs inflate TVL — tokens with 10 holders, no transfers, just mirrored databases. Looks like billions, but no real activity. Figure: Claims $12B on-chain, but only ~$9M BTC/ETH + $20M stablecoin show up. Most action’s off-chain, yet they pressure for listings. Closer: Beware phantom treasure — not all that glitters on-chain be gold.

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