RWA perpetuals, contracts linked to real-world assets without fixed expiry dates, have generated $3.16 trillion in cumulative trading volume, according to CoinMarketCap’s RWA Perpetuals: State of the Market — August 2026 report. August alone contributed $799.5 billion, the highest monthly level on record. Gate was the standout platform, with volume increasing about 5.3-fold from June to August, the fastest growth among platforms whose monthly volume exceeded $5 billion during the period.