RWA perpetual volume hits $18.8B as altcoins face new competition for speculative demand
- —Daily RWA perpetual volume rose from under $1B in January to $18.8B on Sept. 3-9
- —Traditional assets made up 28% of Hyperliquid futures volume and 24.8% on Binance
- —Major CEXs saw 351 new listings in Q2, the fewest since Q3 2023
- —80.9% of RWA-first Hyperliquid wallets never traded crypto perpetuals
Why it matters: Traders can now get leverage and volatility through familiar assets without buying new tokens, intensifying competition for altcoin demand.
Source: CryptoSlate