RWA perpetuals, not tokenization, will become the dominant DeFi product as traders prefer price exposure over asset ownership with 24/7 global liquidity.
DeFi & Yields ·
RWA perpetual volumes have reached hundreds of billions of dollars per month this year as demand for round-the-clock trading accelerates, according to https://x.com/XMaximist/status/2083182665478365278. Rather than asset ownership, perpetuals are positioned as the primary use case for real-world asset trading because they eliminate custody and settlement friction while enabling 24/7 global markets accessible to traders across time zones. The argument follows that building exchanges for price discovery will generate larger returns than tokenization infrastructure alone.