In response to a submit by Lorenzo Valente (@LorenzoARK), Director of Crypto Analysis at ARK Make investments, final week Hyperliquid’s RWA buying and selling volume surpassed that of crypto belongings for the primary time, accounting for 54% of the platform’s total buying and selling volume. Information exhibits that final week, the total buying and selling volume of perpetual contracts throughout all DEXs was $79 billion, with Hyperliquid contributing $50 billion—of which HIP-3 RWA buying and selling alone reached $26 billion, exceeding the mixed buying and selling volume of all different DEX crypto perpetual contracts. Structurally, since June, particular person inventory buying and selling volume has surpassed indices and commodities, now representing 61% of total RWA buying and selling volume. Lorenzo concludes that RWA buying and selling and crypto asset buying and selling could ultimately develop separate class leaders on completely different platforms, and the market could also be overestimating the significance of BTC/ETH/SOL buying and selling volumes.
