RWA perpetual futures volume nears Bitcoin on Hyperliquid, Binance

Perpetual futures tied to tokenized stocks and commodities generated nearly as much trading volume as Bitcoin perpetuals on two of the largest venues for the products over the past week, according to Talos.Combined seven-day volume across tracked real-world asset (RWA) perps reached $61.7 billion, equal to 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance, where most trading activity is concentrated, Talos told Cointelegraph in an email summary citing a data snapshot taken on Thursday.Tokenized equity contracts accounted for 57.8% of the total, followed by commodities at 28.2%.The value of onchain RWAs has grown to about $36.8 billion, excluding stablecoins, according to RWA.xyz. Crypto exchanges have also expanded their offerings beyond cryptocurrencies, increasingly listing tokenized stocks and commodities alongside digital assets.Related: Tokenized RWA market grows 420% since 2025 on regulatory clarity, accessHyperliquid recorded $25.1 billion in RWA perpetual trading volume during the week of July 13 to July 19, exceeding the combined volume of all other perpetual categories on its platform.Circle co-founder and CEO Jeremy Allaire said in a July 24 X post that growin...