RWA perp volume hits $117.3B monthly, with 86% now onchain
- —Monthly RWA perp volume hit $117.3B in August, up 44x year over year
- —Open interest rose from $161M in July 2025 to $4.8B in August 2026
- —Onchain venues now process 86% of volume — about $101B vs $16B on CEXs
- —Equities account for 48% of volume, commodities 28%, indices 18%
Why it matters: Demand for onchain exposure to traditional assets is no longer hypothetical and could become a standard offering at brokers and exchanges.
Source: a16z crypto (Substack)