Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Tokenized equity perps drive RWA trading boom to $470 billion monthly volume

Tokenized equity perps drive RWA trading boom to $470 billion monthly volume

The BlockThe Block2026/07/22 14:09
By:The Block

Tokenized real-world asset (RWA) perps have been the clearest crypto growth story of the year.

Monthly volumes across exchanges for these assets have grown from just $85 billion in January to around $470 billion in June, a 450% increase within just six months. The value prop for these products is clear: giving leveraged, 24/7, borderless exposure (and in Hyperliquid’s case, without KYC) to instruments that otherwise trade on limited hours in traditional, KYC-gated brokerages.

Within the broader RWA category, tokenized equities have been the more popular asset class to trade over tokenized commodities.

Tokenized equity perp volumes grew by roughly 7x from January to June, led by pre-IPO stocks such as SpaceX (SPCX), as well as single-stock semiconductor names such as MU, SNDK, SK-HYNIX and INTC, among others. SPCX was the single most-traded equity perp across all crypto exchanges in June with over $66 billion traded as it IPO'd in mid-June.

The dominant platforms facilitating RWA perps are quite concentrated at the top, with Binance, Hyperliquid and OKX making up over 80% of all tokenized RWA perps volume in June. Binance alone accounts for nearly half of all the category’s volume. Hyperliquid remains the standout onchain venue in an otherwise centralized field, while smaller onchain platforms like Ostium and Lighter sit well behind.


0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Investment tycoon Druckenmiller buys Chinese stocks for the first time in two years, significantly increases holdings in Amazon and AMD, sells all shares in Broadcom, Intel, and Micron

Druckenmiller bought 88,000 shares of Baidu in the second quarter; increased his Amazon holdings by more than 1,000% and more than doubled his Amazon call option positions; established a new position in Alphabet and added call option positions in Meta Platforms and Tesla; completely exited positions in semiconductor giants Broadcom, Intel, and Micron, shifting his bets to AMD and TSMC.

华尔街见闻2026/08/17 09:01

What is the actual oil flow through the Strait of Hormuz? US Department of Energy data differs from market tracking data by a factor of two

The U.S. Secretary of Energy stated that the daily oil flow through the Strait of Hormuz reaches 9 million barrels, while data from third-party vessel tracking agencies such as Kpler show only about 4 million barrels, nearly a twofold difference. The core of the dispute lies in the fact that many tankers turn off their transponders to avoid attacks, creating "shadow transits" and resulting in data blind spots. If tracking data becomes more accurate, the risk of shortages faced by the oil market could far exceed expectations.

华尔街见闻2026/08/17 08:51