Perpetual futures tied to real-world belongings recorded $117.3 billion in August quantity, displaying how shortly on-chain markets for shares, commodities and indexes have expanded throughout crypto buying and selling venues.
The month-to-month complete reached 44 instances its year-earlier stage. Open curiosity stood at $4.8 billion.
On-chain venues dealt with about $101 billion, or 86% of complete exercise. Centralized exchanges accounted for roughly $16 billion.
Shares made up 48% of August quantity. Commodities represented 28%, whereas indexes accounted for 18%.
Hyperliquid launched HIP-3 in October 2025, enabling builders to deploy their very own perpetual-futures markets on HyperCore. The launch helped drive additional migration of real-world-asset perpetual buying and selling on-chain.
The expansion extends a broader enlargement in real-world-asset perpetual futures, which hyperlink derivatives markets to conventional belongings comparable to equities, commodities and indexes.
