On-chain real-world asset perpetuals volume rose 27% in October to a record $164 billion, up from $129 billion in September. The total surpassed the previous peak of $147 billion set in July.
Why it matters
Public equities, equity indices and commodities are driving activity. Traders are increasingly using on-chain perps to access traditional financial assets and trade market volatility beyond crypto.
Market impact
The October record points to growing activity in RWA-linked derivatives. The figures track trading volume, not the value of assets held on-chain.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJY7GrjK4GB8omRtjbbP3mAwFnWJTXcAAJEG2sbGikYS5ckw-zWK8hfAQADAgADeQADPQQ?sig=bU427f8i_AbQE6mYXfsN7yeNfNPEtUpAQtiZqoS3gyI)
Frequently asked questions
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How much did on-chain RWA perps volume grow in October?
Volume rose 27% from $129 billion in September to $164 billion in October.
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How did October's volume compare with the previous record?
October's $164 billion surpassed the previous peak of $147 billion set in July.
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Which assets are driving RWA perps trading activity?
Public equities, equity indices and commodities are driving activity.
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Why are traders using RWA perpetuals?
Traders are turning to TradFi assets through on-chain perpetuals to trade market volatility beyond crypto.
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Does the reported volume measure the value of assets held on-chain?
No. The figures measure trading activity, not the value of assets held on-chain.
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