Monthly trading volume for real-world assets on perpetual DEXs reached a record $141 billion in July, rising approximately 19.5% month over month. Volume increased more than sixfold in the first seven months of the year, putting the move in a broader growth trend.
Why it matters
Public equities drove July's record. Their share of total RWA trading volume rose from 36.4% in June to 51.1% in July, making public equities the largest segment of activity.
The July mix gives the expansion a clear direction: public-equity exposure now accounts for more than half of RWA perp DEX activity. That brings a traditional asset category into a rapidly growing onchain derivatives market.
Market impact
The record combines a strong monthly gain with an even larger year-to-date trend. July's 19.5% increase lifted volume to $141 billion, while the more than sixfold rise over seven months shows that growth extends beyond a single monthly jump.
The next signal is whether public equities keep their majority share. A continued lead would reinforce equities as the center of RWA perp DEX activity, while a reversal would show that July's growth was more concentrated.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJHIWp4db4IqJawYL2WmNJj-FQkAAFeOQAC0RprGwrQwEvN76niJqExPQEAAwIAA3kAAz0E)
Frequently asked questions
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How much did RWA trading volume rise month over month in July?
Monthly RWA trading volume on perp DEXs rose approximately 19.5% in July, reaching a record $141 billion.
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How much did RWA volume grow in the first seven months?
RWA trading volume increased more than sixfold over the first seven months of the year.
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Which asset category drove the July record on perp DEXs?
Public equities were the main driver of July's record, accounting for 51.1% of total RWA trading volume.
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How did public equities' share change between June and July?
Public equities' share rose from 36.4% of total RWA trading volume in June to 51.1% in July.
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What does the July shift toward public equities mean for RWA derivatives?
Public equities became the largest part of RWA perp DEX activity, putting public-equity exposure at the center of the month's growth.