RWA perpetual trading volume tops $100B in June for first time

Hyperliquid said RWA contract open interest reached a record $3.6 billion as June RWA perpetual volume surpassed $100 billion for the first time, highlighting rising use of tokenized equities, commodities, and other on-chain finance products.

HYPE

Summary

RWA perpetual trading volume exceeded $100 billion in June for the first time, marking a new threshold for real-world asset activity in crypto derivatives. Hyperliquid separately said open interest in RWA contracts on its platform reached a record $3.6 billion, while total open interest rose to $11 billion, a fresh 2026 high. Together, the figures point to stronger adoption of tokenized equities, commodities, and other on-chain finance products, with higher volume and open interest indicating deeper liquidity, broader participation, and growing demand for RWA-linked exposure.

Terms & Concepts
  • RWA: Real-world assets tokenized or referenced on-chain.
  • perpetual trading: Trading futures-like contracts with no expiry.
  • open interest: Total value of outstanding derivatives contracts not yet closed.