Open interest in real-world-asset perpetuals has surged 192% since June, approaching a new all-time high near $20 billion. The milestone places RWA derivatives among the fastest-growing segments of the perpetuals market.
Why it matters
The market is split between centralized and decentralized venues. CEXs account for 71% of total RWA perpetuals open interest and lead trading in equities and precious metals. DEXs hold the remaining 29%, but dominate equity index derivatives.
That division shows where each venue type is gaining traction. Centralized exchanges retain the larger share of overall activity, while decentralized platforms have built a stronger position in a specific and expanding derivatives category.
Market impact
The 192% increase since June marks a sharp expansion in demand for perpetual exposure to real-world assets. The next signal for markets will be whether total open interest can hold near the new high and whether DEX share expands beyond equity index derivatives.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJYBWrfFRv3NOsm0RSYG9u4vT1FCuGzAAJtGWsbahX5SrXYxnOY2t40AQADAgADeQADPQQ?sig=P3Si6uvZccJd_dmnk4mGwroS3H5tPicfidh9mGpBhWs)
Frequently asked questions
-
How much has RWA perpetuals open interest increased since June?
Open interest in RWA perpetuals has increased 192% since June and is approaching a new all-time high near $20 billion.
-
How much of RWA perpetuals open interest is held by CEXs?
CEXs account for 71% of total RWA perpetuals open interest.
-
What assets do CEXs lead in RWA perpetuals?
CEXs lead trading in RWA perpetuals tied to equities and precious metals.
-
What share of RWA perpetuals open interest do DEXs hold?
DEXs hold 29% of total RWA perpetuals open interest.
-
Which RWA derivatives are dominated by DEXs?
DEXs dominate equity index derivatives within the RWA perpetuals market.