RWA Futures Surpass Crypto Perpetuals in Trading Volume

OKX has released a report in partnership with Token Terminal that reveals a significant shift in the perpetual futures market. According to the report, Real-World Assets (RWAs) futures have surpassed crypto futures in trading volume.

This change occurred over the past nine months, during which time RWA futures went from being a 'rounding error' to eclipsing crypto futures. As of July, RWAs were generating $107.6 billion in monthly trading volume, outpacing crypto futures.

The report highlights that this shift is not driven by sentiment around Bitcoin or other cryptocurrencies but rather by the growing demand for perpetual futures on traditional assets such as oil, metals, and equities.