RWA trading volume on perpetual DEXs hit $141B in July, up 19.5% MoM with public equities now driving over 51% of volume.
DeFi & Yields ·
Real-world asset trading on perpetual decentralized exchanges reached $141 billion in monthly volume during July, representing a 19.5% month-over-month increase and marking a new record for the category. The expansion appears more pronounced when measured year-to-date, with volumes expanding more than sixfold over seven months.
Public equities emerged as the primary growth engine in July, capturing 51.1% of total RWA trading volume on perp DEXs—a substantial jump from their 36.4% share the previous month. This shift indicates a meaningful reallocation of trading activity toward tokenized stock markets within the decentralized perpetuals ecosystem.
The mechanics driving this surge and whether the acceleration will sustain beyond July remain to be seen. The composition of RWA volumes across other asset classes and the underlying reasons for the month-over-month equity dominance shift have not been detailed.