Hyperliquid's Tokenized Assets Dominate Trading Volume

Hyperliquid's decentralized perpetuals market has reached a new milestone as trading in tokenized real-world assets (RWAs) dominated its week-over-week activity. From July 13 to July 19, RWAs generated $25.1 billion in trading volume on the platform.

This figure surpassed the combined volume of Hyperliquid's other asset categories and accounted for 52% of the platform's total weekly trading volume of $48.2 billion, according to Blockworks analytics.

ARK Invest research director Lorenzo Valente highlighted the scale by saying that Hyperliquid's RWA market alone was larger than the combined crypto perpetual volume of every other DEX.