RWA perpetuals made up 28.4% of on-chain perpetuals trading volume in October, up from 20.5% in September and setting a new monthly record. The increase came as RWA trading activity grew while volume in other perps markets declined.
Why it matters
The share metric captures RWA perpetuals' weight within on-chain derivatives trading, not just their standalone activity. Its rise reflects a combination of more RWA trading and weaker volume elsewhere.
Market impact
RWA perps gained 7.9 percentage points of market share month over month. Whether the share continues to climb will depend on activity in RWA markets and how volumes across other on-chain perps develop.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJY-2rjMjQYydmoLKcdLYL9QaSVgEraAAKLG2sbGikYS7ZwU2hCIXSgAQADAgADeQADPQQ?sig=WA-qy6QctX-QgsLnpT_n6xVZhNrJGHUaTGLIBiijCSI)
Frequently asked questions
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What share of on-chain perps volume did RWA perpetuals reach in October?
RWA perpetuals accounted for 28.4% of total on-chain perpetuals trading volume in October, a new monthly record.
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How did RWA perps' share compare with September?
The share rose from 20.5% in September to 28.4% in October, a gain of 7.9 percentage points.
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What drove the increase in RWA perps' market share?
The increase reflected growing RWA trading activity alongside declining volumes in other perpetuals markets.
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Does the record share mean RWA perps were the only market gaining activity?
No. The reported increase came from both stronger RWA trading activity and lower volumes in other on-chain perps markets.
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What would determine whether RWA perps' share keeps rising?
Further changes in RWA trading activity and volume across other on-chain perpetuals markets would determine whether the share continues to climb.
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