RWA perpetual futures volume nears Bitcoin on Hyperliquid, Binance

RWA perpetual futures are gaining momentum on major crypto venues, with seven-day trading volume reaching $61.7 billion and matching 99.2% of Bitcoin perpetual volume across Hyperliquid and Binance. Tokenized equities drove most of the activity, while commodities also contributed meaningfully. Early data for the current week suggests the trend is strengthening, with RWA perps already at $37.2 billion and slightly ahead of Bitcoin perp volume. The story highlights a broader shift in derivatives demand from pure crypto speculation toward tokenized real-world assets, including equities, commodities, and smaller allocations to index and ETF-linked contracts. Despite the rapid growth, RWA perps still represent a relatively small share of the broader crypto futures market.