August 10, 2026

Perpetual futures trading volume linked to Real World Assets (“RWAs”) reached $152 billion in July 2026, up ~6x since the start of the year and more than 100x YoY. RWAs now represent 33% of all perp decentralized exchange (DEX) volume.
Trading spans commodities such as crude oil, gold and silver, major indices including the Nasdaq-linked XYZ100 and S&P 500, and equities such as SK Hynix, Micron, SanDisk and SpaceX.
Perp DEXs have emerged as a 24/7 global derivatives layer, offering continuous access, liquidity, leverage, price discovery and cross-market arbitrage for assets historically constrained by market hours, geography and private-market access.

Note: Source: Blockworks Research. Data through July 31, 2026. August 2026 is excluded as an incomplete month.
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