#Perpetuals

33 articles tagged #Perpetuals — curated RWA tokenization coverage.

#RWA #DeFi #TokenizedStocks #Hyperliquid #Ondo Finance #Tokenization #Derivatives #Binance #TokenizedEquities #TradFi

RWAs become Hyperliquid’s largest trading category

Hyperliquid, a decentralized perpetual exchange, reached a significant milestone as tokenized real-world assets (RWAs) became its largest trading category for the first time. Between July 13 and July 19, RWA trading volume on the platform hit $25.1 billion, representing 52% of the exchange's total weekly volume of $48.2 billion. This surge highlights a structural shift in market demand, with industry experts noting that Hyperliquid's RWA market volume surpassed the combined crypto perpetual volume of all other decentralized exchanges. The growth aligns with broader market trends, as RWA.xyz reports a 32% increase in RWA holders to 1.25 million users and a total tokenized RWA value of $36.7 billion. This shift toward tokenized assets is supported by both crypto-native firms and traditional financial institutions seeking to leverage blockchain for 24/7 trading and settlement. The platform's success has generated $7.6 million in weekly revenue, positioning it as a top-tier crypto application. This trend underscores the increasing integration of traditional financial instruments into decentralized trading environments, moving beyond purely endogenous digital commodities.

#RWA #Tokenization #Hyperliquid

Cointelegraph — RWA Tokenization·Jul 24, 20268.0

Active Strategies

RWA Perpetuals Now Capture One-Third of On

RWA perpetuals have surged to capture nearly 35% of total on-chain perpetual trading volume in early Q3 2026, a dramatic increase from just 0.16% in Q4 2025. June volume for these assets reached approximately $118 billion across 652 available markets, with public equities dominating the sector. Currently, public equities account for 46% of open interest, totaling roughly $2 billion in outstanding positions. Traders are increasingly utilizing these instruments to gain leveraged, 24/7 exposure to traditional companies, bypassing the limitations of standard brokerage hours. Infrastructure like Hyperliquid’s HIP-3 framework has facilitated this growth by enabling the deployment of custom markets backed by staked HYPE tokens. While platforms like Kraken and Solana are also expanding their tokenized equity offerings, the rapid adoption introduces unique risks, including oracle manipulation and liquidity gaps during traditional market closures. The recent $18 million exploit of the Ostium protocol highlights the critical vulnerability of relying on external price feeds for synthetic RWA exposure. This shift signifies a major evolution in how capital interacts with traditional assets on-chain, prioritizing synthetic accessibility over direct ownership.

#RWA #TokenizedEquities #Hyperliquid

Blockonomi·Jul 22, 20268.0

Stocks

Public equities take 46% of RWA perps as traders avoid newer tokens — Here’s why!

Public equities have emerged as the dominant force in the RWA perpetuals market, capturing 46% of total open interest. With approximately $2 billion in open interest and $2.2 billion in 24-hour trading volume, stock-based perpetual contracts significantly outperform other asset classes like precious metals and oil. This trend is driven by traders seeking leveraged, 24/7 exposure to established listed companies rather than newer, more volatile RWA tokens. Data indicates that newer token launches have struggled, with only 7.1% of projects launched since 2024 trading above their Token Generation Event price. Furthermore, among 113 projects with a market cap exceeding $100 million, only eight remain profitable for early investors. This performance gap highlights a broader market shift toward established assets as investors avoid the high sell pressure associated with recent token offerings. While major cryptocurrencies like Bitcoin and Ethereum have returned to profit, the overall market sentiment remains cautious regarding the sustainability of newer RWA-linked assets.

#MarketAnalysis #RWA #Tokenization

AMBCrypto·Jul 22, 20267.5

Stocks

Ondo: enables tokenized stocks as perp collateral - 21 Jul 2026

Ondo Finance has integrated its tokenized stock products, specifically SPYon and QQQon, as productive collateral for its decentralized perpetual exchange, Ondo Perps. This development allows traders to utilize tokenized representations of S&P 500 and Nasdaq-100 tracking assets to open and maintain leveraged positions. By enabling these assets as collateral, Ondo aims to increase the utility of its perps ecosystem and attract greater capital inflows and trading volume. The rollout is currently limited to these two specific assets, representing a strategic, targeted expansion of the platform's collateral capabilities. This update does not alter the underlying ONDO token mechanics or supply, focusing instead on enhancing the functional interoperability between Ondo's RWA offerings and its derivatives trading venue. The move signifies a broader trend in the RWA sector where tokenized equities are increasingly being leveraged within DeFi protocols to improve capital efficiency. Ultimately, this integration bridges the gap between traditional equity exposure and decentralized perpetual trading, potentially setting a precedent for how RWA-backed collateral is utilized in on-chain finance.

#Ondo Finance #RWA #TokenizedStocks

tradingview.com·Jul 21, 20267.5

Stocks

Hyperliquid’s HIP-3 markets surge to nearly 50% of perp volume as onchain stock trading grows

Hyperliquid's HIP-3 markets have experienced a significant surge in adoption, with their share of total perpetual futures volume rising from approximately 2% at the beginning of the year to roughly 50% currently. This growth highlights a broader trend of increasing on-chain demand for tokenized stock trading and synthetic assets within decentralized finance ecosystems. By facilitating the trading of traditional financial instruments directly on the Hyperliquid blockchain, the protocol is capturing a substantial portion of user activity previously reserved for centralized exchanges. This shift demonstrates that market participants are increasingly comfortable utilizing high-performance decentralized platforms for sophisticated financial products. The rapid expansion of HIP-3 volume underscores the growing maturity of on-chain infrastructure capable of supporting high-frequency trading of real-world asset derivatives. As liquidity continues to migrate toward these decentralized venues, the competitive landscape for traditional brokerage services faces mounting pressure from blockchain-native alternatives. This development serves as a critical indicator of the accelerating integration between traditional equity markets and decentralized ledger technology.

#Hyperliquid #Perpetuals #SyntheticAssets

The Block·Jul 13, 20267.5

Active Strategies

Ondo Joins Perps Race Against Hyperliquid, Coinbase — Allows Tokenized Stocks As Collateral

Ondo has officially launched its on-chain perpetual trading platform, Ondo Perps, enabling users to trade tokenized equities and commodities with up to 20x leverage. The platform distinguishes itself by allowing traders to use tokenized stocks directly as collateral, eliminating the need to convert assets into stablecoins before opening positions. During its private beta phase, the platform facilitated nearly $2 billion in trading volume, and it recorded over $100 million in volume on its first day of public availability. The product lineup includes major equities like Nvidia, Coinbase, and SpaceX, alongside commodities such as gold, silver, and oil. This launch marks a strategic expansion for Ondo under CEO Ian De Bode, following the passing of founder Nathan Allman. The platform is currently accessible to global traders, excluding those in the U.S., Panama, and other restricted jurisdictions. By integrating real-world equity exposure with decentralized finance mechanics, Ondo aims to compete directly with established decentralized exchanges like Hyperliquid and centralized platforms like Coinbase. This development highlights the growing trend of bridging traditional financial assets with high-leverage crypto trading infrastructure.

#RWA #Ondo #TokenizedStocks

finance.yahoo.com·Jul 12, 20267.5

Stocks

RWA Perpetuals Trading Surpasses $100B as Tokenized Equities Lead Growth

Monthly trading volume for real-world asset (RWA) perpetual futures surpassed $100 billion for the first time in June 2026, signaling a major milestone for on-chain financial markets. Data from DeFiLlama indicates that volume grew from approximately $22 billion in January to over $120 billion by June. This expansion is primarily driven by tokenized equities and indices, including products tracking Nvidia, SpaceX, SK Hynix, the S&P 500, and the Nasdaq-100. While this growth highlights strong demand for blockchain-based access to traditional markets, analysts note that much of this activity involves synthetic or derivative exposure rather than direct ownership of underlying assets. CoinGecko reports that Q1 2026 volume alone reached $524 billion, already exceeding the total volume recorded throughout 2025. Major institutions like BlackRock, JPMorgan, and Franklin Templeton continue to advance tokenization initiatives to improve settlement efficiency and collateral mobility. This trend underscores a critical transition where traders increasingly utilize blockchain infrastructure to bypass traditional brokerage systems for 24/7 market access.

#RWA #Tokenization #Perpetuals

Blockonomi·Jul 12, 20268.5

Stocks

Crypto Traders Shift to TradFi as Tokenized Stock Trading Hits $54B

Trading volume for tokenized traditional stock perpetual futures on crypto exchanges reached $54 billion in June 2026, signaling a major shift in investor behavior. Binance emerged as the dominant platform, processing $53.8 billion of this volume, which accounts for nearly 80% of the global market share. The surge was primarily driven by demand for SpaceX stock, which contributed $36 billion in volume, representing two-thirds of the total market activity. Other equities, including Strategy, Circle, and Intel, also saw increased participation as traders diversify beyond native crypto assets. This growth represents a significant expansion, with monthly volumes rising from $831 million in July 2025 to $34 billion by May 2026. The trend highlights a preference for the 24/7 accessibility, high leverage, and global reach offered by crypto exchanges compared to traditional stock markets. This shift underscores the growing convergence between TradFi and digital asset infrastructure, positioning tokenized derivatives as a substantial component of the broader RWA ecosystem.

#TokenizedStocks #SpaceX #Perpetuals

coinpedia.org·Jul 10, 20268.5

Infrastructure

Tokenized TradFi Perpetuals Top $1.32 Trillion as Exchanges Expand RWA Offerings

A CoinGecko report reveals that crypto exchanges are aggressively integrating tokenized TradFi and RWA products, with perpetual futures volume reaching $1.32 trillion in 2026. This shift represents a structural change where traditional assets like commodities, equities, and ETFs are repackaged for 24/7 leveraged trading on crypto-native platforms. Between January 2025 and May 2026, spot RWA trading volume surged, while perpetual futures experienced a massive 1,472x increase in monthly volume. Exchanges like MEXC, Gate.io, and Kraken have led the listing race, while Binance, MEXC, and Hyperliquid dominate total trading volume. The growth is largely driven by speculative demand for high-velocity instruments, particularly in tokenized commodities and AI-linked stocks like Nvidia and Tesla. While this migration offers users 24/7 access to familiar assets, it introduces new risks through crypto-native liquidation mechanisms and high leverage. Ultimately, this trend signals that RWA tokenization is evolving from a niche experiment into a core component of global market infrastructure.

#RWA #Tokenization #Perpetuals

tokenpost.com·Jul 8, 20269.0

Stocks

Ondo Perps Launches First Equity Perpetuals Platform With Tokenized Stock Collateral

Ondo Finance has officially launched Ondo Perps, a decentralized exchange platform that enables users to trade perpetual contracts using tokenized U.S. Treasury-backed assets as collateral. By integrating Ondo’s USDY, a yield-bearing stablecoin, the platform allows traders to maintain exposure to interest-earning assets while simultaneously engaging in leveraged trading of tokenized stocks. This development marks a significant evolution in the RWA sector by bridging the gap between traditional equity markets and decentralized finance liquidity. The platform utilizes a decentralized order book model to facilitate high-frequency trading of tokenized equities, aiming to provide a more efficient alternative to traditional brokerage systems. By allowing collateral to remain productive through yield generation, Ondo Perps addresses the capital inefficiency often found in crypto-native derivatives platforms. This integration of yield-bearing RWA collateral into perpetual trading represents a major step toward institutional-grade DeFi infrastructure. Ultimately, the launch signals a growing trend of financial protocols moving beyond simple asset tokenization toward complex, integrated financial ecosystems that leverage blockchain for enhanced utility.

#Ondo Finance #TokenizedStocks #USDY

moomoo.com·Jul 7, 20268.5

Stocks

Robinhood links with dYdX Labs to launch new DEX Arcus

The dYdX Labs team has rebranded as Arcus and launched a new decentralized exchange on the newly introduced Robinhood Chain, an Arbitrum-based layer 2 blockchain. This platform aims to provide users with access to perpetual products and fee-free trading of 95 tokenized stocks, effectively bridging traditional equity markets with decentralized finance. By allowing tokenized stocks to serve as collateral for perpetual trading, Arcus seeks to lower barriers related to geographic restrictions and institutional gatekeeping. The initiative represents a significant expansion of Robinhood's crypto strategy, positioning the firm to compete directly with platforms like Hyperliquid and Coinbase. While the dYdX Foundation clarified that the original dYdX blockchain remains independent and unaffected, the partnership highlights a growing trend of major retail platforms adopting layer 2 infrastructure to host RWA-focused products. The launch is supported by integrations from major players including Bitget Wallet and 1inch, signaling a broader industry push toward tokenized asset accessibility. This development underscores the increasing institutional interest in bringing US equities and commodities on-chain to capture global retail demand.

#Arbitrum #TokenizedStocks #Perpetuals

Cointelegraph — Tokenization·Jul 2, 20268.5

Stocks

Injective facilitates $4.15B in tokenized equities trading as onchain stock market surges past $1.6B

Tokenized stocks have reached a market capitalization exceeding $1.6 billion, signaling rapid growth in the real-world asset sector. Injective, a layer 1 blockchain optimized for financial applications, has recorded over $4.15 billion in trading volume during 2026 alone. This activity is primarily fueled by real-world asset perpetuals, which allow users to gain 24/7 exposure to traditional equities like Amazon and Google without traditional brokerage accounts. Meanwhile, Ondo Finance has demonstrated significant scale with over $1.17 billion in total value locked and nearly $20 billion in cumulative trading volume. While Injective focuses on perpetual futures, Ondo utilizes tokenized asset products integrated across multiple chains such as Solana. These developments highlight a growing correlation between traditional market volatility and onchain positions, as tech stock selloffs now directly impact decentralized finance. The future trajectory of this market remains heavily dependent on evolving regulatory frameworks, which will determine whether institutional capital enters the space.

#Ondo Finance #RWA #TokenizedStocks

cryptobriefing.com·Jun 21, 20268.0

Stocks

SpaceX’s debut: A win for crypto price discovery, a fail for tokenized access

The SpaceX IPO on June 12, valued at over $2 trillion, served as a high-stakes stress test for tokenized equity access within the crypto market. While pre-IPO perpetuals on platforms like Hyperliquid and Binance successfully provided credible price discovery and recorded $4.6 billion in trading volume, attempts to offer tokenized IPO share allocations failed significantly. Major exchanges including Binance, Bybit, and Bitget were forced to cancel campaigns and issue refunds after the third-party provider xStocks failed to deliver the underlying SpaceX shares. This failure highlighted a critical structural gap where crypto-native platforms lack the necessary primary market access controlled by traditional underwriters and broker-dealer networks. Despite the collapse of these specific tokenized offerings, industry experts emphasize that onchain infrastructure for settlement remains robust, provided it is backed by regulated custody and real underlying assets. The event underscores that while synthetic perpetuals can effectively signal market sentiment, they cannot substitute for the legal and regulatory requirements of traditional IPO machinery. Ultimately, the episode serves as a cautionary lesson on the limitations of third-party wrappers versus issuer-sponsored, compliant tokenization models.

#RWA #TokenizedEquities #SEC

Cointelegraph — RWA Tokenization·Jun 20, 20268.0

Stocks

DeFi & L1L2 — 💎 Crypto.com launched Tokenized Stocks in the App; Vitalik Buterin proposed an option-based model for decentralized stablecoins

Crypto.com has expanded its platform offerings by launching tokenized stocks, providing retail investors with synthetic pre-IPO perpetual contracts. This development allows users to trade the trajectories of private tech companies 24/7, effectively dismantling traditional barriers to institutional exclusivity. Simultaneously, Vitalik Buterin has proposed a novel option-based model for decentralized stablecoins to address systemic risks inherent in current debt-based systems. By splitting assets into stable and volatile tokens, this model aims to eliminate forced liquidations and reliance on real-time oracles. These advancements arrive as market data indicates a broader rotation of capital from crypto assets toward high-growth equity sectors. While global equities like the Nasdaq Composite and MSCI Emerging Markets index saw significant gains in May, major cryptocurrencies experienced declines. These shifts highlight the growing integration of traditional financial instruments into decentralized ecosystems to enhance portfolio stability and accessibility.

#Stablecoins #TokenizedStocks #DeFi

crypto.com·Jun 17, 20267.0

Stocks

Ondo Finance Launches Bold Equity Perpetual Trading Beta 2026

Ondo Finance has officially launched the public beta of Ondo Perps, a new platform enabling approved users to trade equity perpetual contracts on-chain. This expansion marks a significant step in the protocol's strategy to bridge traditional financial assets with decentralized finance infrastructure. By offering access to deep liquidity, the platform aims to minimize slippage for large-volume trades, catering to institutional-grade requirements. The beta phase serves as a critical testing ground for the platform's matching engines and risk management controls before a wider rollout. This development reflects a broader industry trend of tokenizing real-world assets to increase market efficiency and accessibility. While the move creates new trading opportunities, it also highlights the ongoing challenges of maintaining regulatory compliance across various jurisdictions. Ultimately, Ondo Finance seeks to establish a new standard for how tokenized securities are traded within the decentralized ecosystem.

#Ondo Finance #RWA #TokenizedEquities

tronweekly.com·Jun 11, 20267.0

#Perpetuals

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