Markets· ★★★· neutral·

RWA futures match crypto futures market volume in nine months

  • Monthly RWA futures volume grew from $760 million to $107.6 billion in nine months
  • Open interest rose 107-fold, from $16.1 million to $1.72 billion
  • Crypto futures volume fell 60-83% after $19 billion in liquidations on Oct. 10, 2025
  • In WTI, the top 10 accounts hold 78% of shorts versus 29% in Bitcoin
Why it matters: RWA futures are growing on real-economy events rather than the crypto cycle, reshaping the derivatives market structure.
Source: The Cryptonomist (IT)