Perp DEXs now offer over 1,000 RWA markets as public equities dominate at 75%

Somewhere between Wall Street’s opening bell and its closing one, crypto decided it didn’t need either. Perpetual decentralized exchanges now list more than 1,000 real-world asset markets, and roughly three out of every four of them let you trade tokenized versions of publicly listed stocks. The milestone, tracked by DefiLlama, marks a shift in what on-chain derivatives platforms actually look like in 2026. They’re no longer just venues for leveraged Bitcoin and Ethereum bets. The numbers behind the thousand-market mark Of the 1,000-plus RWA perp markets, 747 are tied to public equities. Those equity markets carry an open interest of $2.586 billion, which represents close to 47% of total RWA open interest across all perp DEXs. The 24-hour trading volume for public equity perps clocks in at $1.681 billion. Other RWA categories, including precious metals, equity indices, and oil, exist but trail far behind in both market count and activity. Who’s building this infrastructure No single platform owns this expansion. The 1,000-market figure is cumulative across multiple perp DEXs. Hyperliquid, Ostium, and Lighter are the key platforms driving this category forward. Perp DEXs offer 24/7 ...