RWA Perpetual Futures Trading Volume Nears Parity with Bitcoin

RWA perpetual futures trading volume has reached near- parity with Bitcoin's on two major exchanges. According to Talos, Hyperliquid and Binance saw $61.7 billion in combined RWA perps traded over the past week, equating to 99.2% of Bitcoin perpetual volume.

This growth is largely driven by tokenized equity contracts, which accounted for 57.8% of total trading volume, followed closely by commodities at 28.2%. The value of on-chain RWAs has grown to around $36.8 billion, excluding stablecoins.

Hyperliquid recorded a particularly strong week, with RWA perpetuals surpassing other categories in trading volume. Circle co-founder Jeremy Allaire noted this trend signals the shift away from speculating on digital commodities.