Real-world assets surpassed crypto in trading volume on Hyperliquid's decentralized derivatives exchange for the first time.
DeFi & Yields ·
Real-world assets including tokenized stocks and commodities made up 54% of Hyperliquid's trading volume during July 13–19, marking the first week that non-crypto instruments dominated the decentralized derivatives exchange. The $26 billion in RWA volume alone exceeded the combined crypto perpetual trading across all other decentralized exchanges for the week. Individual stocks, particularly South Korean chipmaker SK Hynix, have become the leading category within RWAs since June, accounting for 61% of that segment's activity.