RWA Perps Volume Hits $347B in May, Up 1,472x
Volume has grown 1,472x since the start of 2025, and perps now handle 13x the trading that tokenized spot does on the same assets, putting the 24/7 product ahead of Wall Street's tokenization push.
Decentralized finance — DEXs, lending, yield strategies, on-chain derivatives, and tokenized real-world assets.
Volume has grown 1,472x since the start of 2025, and perps now handle 13x the trading that tokenized spot does on the same assets, putting the 24/7 product ahead of Wall Street's tokenization push.
Q2 2026 crypto transaction revenue fell 38% YoY to $100M while options, event contracts and equities built a six-times-larger non-crypto stack, exposing how much of Robinhood's "crypto story" now…
The $20B World Cup print is five times the 2024 U.S. election cycle and validates Polymarket and Kalshi as the venues where sports and politics meet on-chain.
When Wintermute's first-half OTC book flipped from retail-led to institution-led, broad altcoin beta broke. The trade has moved from screen to OTC, and the tape shows it.
The $160 price target on Outperform hinges on Robinhood expanding beyond spot trading into tokenized assets and event contracts, where volume margins are wider.
The 149,000 BTC contracts and 435,000 ETH contracts clearing today carry a combined notional near $10.5B, with both assets showing call-heavy positioning that signals traders are paying up for…
The state is asking for triple Kalshi's gains plus $100K per unauthorized wager offer. Kalshi just scored a federal win in Minnesota, but the New York playbook is civil enforcement at scale.
Hyperliquid ran SpaceX at launch, CME shrank oil contracts for 24/7 retail access, and the CFTC opened a 67-question docket on perpetual crude.
The print delivered record retail market share and a doubling of prediction-market volume, but a heavy reliance on non-bitcoin revenue and softer transaction income pushed shares lower.
By exposing tokenized-asset data through MCP, Realmint joins a small group of builders betting that AI agents, not retail dashboards, become the primary consumer of RWA market intelligence.
Project Agorá processed real cross-border payments across six currencies in roughly 80 seconds on a shared ledger, with 28 commercial banks and five central banks signaling wholesale tokenization is…
The deal would dwarf Ondo's entire $34M lifetime raise and signals that RWA tokenization has moved from niche infrastructure to a strategic acquisition category for crypto's scaling players.
The rebound off a five-month decline carries a familiar shape: Aave alone holds 46.2% of the market, and one more print is needed before the recovery call sticks.
The legal fight is framed as futures vs. swaps, but Duffley's real alarm is the IRS bill traders could face if courts reclassify a year of 1256 filings as ordinary income.
Sonic, Scroll, zkSync, Metis, Soneium and Aptos together hold under 1% of Aave's $14B TVL and earn less than a dinner per chain each quarter, while protocol revenue is already sliding.
Wall Street desks have quietly reshaped crypto's plumbing: realized volatility has dropped from 70% to 45% across cycles, altcoin flows concentrate in fewer names, and tokenized RWA just climbed to…
The $27M July outflow is the first negative month for Hyperliquid ETFs after $280M of cumulative inflows, yet Grayscale argues HYPE trades at 15-18x projected earnings versus 35-40x for Coinbase and…
The holder count more than doubled month-over-month, with Robinhood's new chain capturing the largest share in under four weeks, signalling that tokenized equities are moving from niche product to…
The chain beat Solana's $10.6B and Ethereum's $5.8B in weekly DEX flow, but the price still needs to clear the $620 to $646 resistance before any breakout call sticks.
Roughly 93% of crypto futures volume runs through perps, and Binance's order book leads spot on most moves.