Tokenized RWAs become largest market on Hyperliquid, surpassing crypto categories

https://www.dlnews.com/articles/markets/hyperliquid-protocol-cranks-up-the-risk-with-1000x-leverage/ Tokenized real-world assets (RWAs) have overtaken all crypto categories combined to become the largest market on Hyperliquid, according to Cointelegraph. Hyperliquid, a decentralized exchange specializing in perpetuals, reported that RWA volume now accounts for 54% of its weekly volume, reaching approximately $26 billion. This development marks a significant shift in on-chain activity towards tokenized traditional assets on the platform. ARK Invest’s Lorenzo Valente highlighted that Hyperliquid’s RWA market volume has exceeded the combined crypto perpetual volumes of all other decentralized exchanges. The broader decentralized exchange (DEX) perpetuals market last week was valued at about $79 billion, with Hyperliquid contributing roughly $50 billion, underscoring its dominant role. The shift towards RWAs may indicate a growing interest in tokenized assets, reflecting a trend where participants are increasingly focusing on real-world financial products in the blockchain space. Key Takeaways The shift in market volume towards tokenized RWAs on Hyperliquid suggests an increased intere...