Real-world asset (RWA) perpetual futures generated more than $3.16 trillion in cumulative trading volume from Dec. 29, 2025, through Aug. 31, 2026, according to CoinMarketCap's RWA Perpetuals: State of the Market — August 2026 report. Binance led with about $1.59 trillion and a 50.4% share, followed by Hyperliquid at $542.8 billion, or 17.2%; OKX at $345.1 billion, or 10.9%; and Bitget at $238.2 billion, or 7.5%. The top four platforms controlled about 86% of the market, highlighting its concentration. The report's platform-wide figures differ from an earlier venue analysis that ranked Gate third among centralized exchanges, reflecting different measurement bases. Gate recorded $64.8 billion in August volume, while Hyperliquid's HIP-3 accounted for more than 87% of decentralized RWA perpetual activity as of Aug. 24.