Hyperliquid’s RWA boom attracts 169K wallets
Active Strategies
Hyperliquid has emerged as a significant hub for real-world asset (RWA) activity, attracting 169,000 new wallets during the first half of 2026. Data indicates that 31.7% of all new users on the platform were driven by RWA markets, with 80.9% of these participants remaining exclusively focused on RWA assets rather than diversifying into traditional cryptocurrencies like Bitcoin or Ethereum. This trend suggests that RWA tokenization is functioning as a standalone destination for blockchain finance rather than merely a gateway to broader crypto markets. The platform's native token, HYPE, has reflected this momentum, trading at $57.39 following a 22.52% annual increase. Institutional interest remains evident, as Bitwise recently moved 28,085.8 HYPE tokens into its wallet to support its ETF clients. Despite $15.16 million in outflows, the HYPE ETFs have maintained a strong position with $297.73 million in total inflows. These developments highlight how traditional asset exposure on-chain is increasingly decoupling from broader crypto market volatility.
Key points
- ▸Hyperliquid attracted 169,000 new wallets via RWA activity in H1 2026.
- ▸80.9% of RWA-focused users on Hyperliquid did not diversify into Bitcoin or Ethereum.
- ▸Bitwise accumulated 28,085.8 HYPE tokens for its ETF clients from Nonco.
- ▸HYPE ETFs recorded $297.73 million in total inflows since their launch.
Background
Hyperliquid is a decentralized exchange protocol built on its own high-performance blockchain, designed to facilitate the trading of both perpetual futures and tokenized real-world assets. It utilizes a custom L1 architecture to provide low-latency execution, allowing users to gain exposure to traditional financial instruments directly on-chain.
Relevance
6.5/10