Derivatives on DEXs plunged sharply, but RWA hit a new excessive.
In July 2026, perpetual buying and selling quantity on DEXs dropped 21% month-over-month to $531 billion, ending a two-month restoration from April’s low. 📉
This was not an remoted decline: perpetuals on CEXs additionally fell to round $4 trillion—the bottom since December 2023.
The chief nonetheless leads
Hyperliquid processed $218 billion, surpassing the $189 billion mixed quantity of its seven rivals.
In the meantime, RWA perpetuals hit a report $141 billion, up 19.5%.
Informational solely—not funding recommendation.
