Today I saw BTC starting to make some small moves again. I casually clicked on the market to take a look and felt that the market was still in that state. So, I casually went to browse the Sign Protocol's 2026 roadmap. #BTC走势分析
I personally went to the @SignOfficial testnet to test their RWA attestation process. Using a simulated small and medium-sized enterprise accounts receivable ownership certificate, it took 66 seconds from submission to generating the ZK proof to confirmation on the chain, with a Base chain gas fee of $0.42. To be honest, this speed disappointed me, as it feels like it's still a bit far from the fast verification needed for Middle Eastern RWA projects. Dubai saved 5.5 billion dirhams in a year through its paperless reform in 2021, which I remembered when I last reviewed the report. If Sign's TokenTable (which has cumulatively distributed over $4 billion) combined with the zero-knowledge compliance framework can really secure the attestation backend for the Middle Eastern RWA projects, then for every asset verified, they would collect a gas fee, which would be much more stable than the previous TGE distributions.
However, the more I look at the 2026 roadmap, the more I feel there are issues. They have shifted their strategic focus from TGE service fees to the RWA attestation layer. The white paper states that it supports compliance certification with zero-knowledge proofs, allowing for the verification of asset ownership without exposing privacy. I flipped through the 2025 Abhi Middle East's RWA private credit case in the MENAP region, which tokenized small and medium-sized enterprises' accounts receivable through a similar mechanism. But the reality is that RWA regulation is still in a tug-of-war in 2026, and Dubai's VARA compliance requirements are extremely strict, with attestation data needing to be retained for 90 days for auditing. Sign's multi-chain architecture has become a double-edged sword at this point—if Middle Eastern project parties require purely localized deployment, Sign would need to change its architecture, which would be a big problem. $ENSO
A more realistic issue is valuation. I see that $SIGN currently has a market capitalization of $77 million, but the infrastructure construction period for RWA is long. I feel that short-term revenue might not be as quick as distributing airdrops to meme coins via the TokenTable. So, will the market have time to wait?
Right now, I'm only focusing on one indicator: in the next six months, what proportion of RWA projects in the Middle East will adopt Sign Protocol for their attestation backend? I feel that if it can capture 20% market share, then below $0.04 would be the bottom; if it's still just sporadic pilot projects, then this valuation will be precarious.
