RWA open interest on Hyperliquid reaches new all-time high at $2.6B

Hyperliquid’s real-world-asset (RWA) trading hit a new milestone as open interest on the platform reached an all-time high of $2.6B, doubling over the past two months. The expansion is driven by stocks-focused pairs, with the S&P 500 (SP500/USDC) leading activity and reporting $495.74M in open interest and daily volumes above $356M. TradeXYZ is the dominant liquidity pair deployer, accounting for roughly $2.14B of RWA OI. The shift toward tokenized stocks, gold and oil has drawn more on-chain traders and boosted overall exchange activity, while partnerships with regulated stablecoin providers (Circle/USDC) signal a tilt toward compliance. Market impact is bullish for RWA liquidity and index-linked trading on Hyperliquid.