๐ Dominates RWA OI Across CEXs
RWA perpetuals are becoming one of the most interesting battlegrounds in crypto.
And one venue is already pulling far ahead:
.
@tradexyz holds ~$3.73B in RWA open interest, accounting for roughly 78.6% of the RWA OI shown in the chart.
The gap is massive:
- Gate: 11.4%
- Bybit: 3.6%
- Binance: 2.1%
- Bitget: 2.0%
Through its HIP-3 framework, Hyperliquid allows builders like to bring equities, indices, commodities and other real-world assets into 24/7 perpetual markets.
The result is a new on-chain venue for trading traditional assets with crypto-native liquidity and leverage.
RWA perps on Hyperliquid reached around $3.6B OI at the July peak, while total OI surpassed $11B.
Hyperliquid is increasingly becoming a key infrastructure layer for on-chain RWA derivatives, while is emerging as its dominant RWA venue.