Markets· ★★★· neutral·

Glassnode: RWA perpetual futures volume on crypto exchanges jumps 33x in 10 months

  • —RWA perpetual volume grew 33x, from $23.5 billion to $778 billion
  • —RWA share of perpetual volume rose from 0.5% to 23.5% in 10 months
  • —On Hyperliquid, equity and commodity perpetual volume topped four-fifths of BTC contracts
  • —Key BTC level cited is the $77,500 average cost of active investors
Why it matters: TradFi-linked assets are growing faster than crypto on exchanges, reshaping volume mix and competing with BTC derivatives for liquidity.
Source: CoinPost