RWA Perps Top $120B After 120x Volume Growth
RWA perps reached about 20% of onchain perpetual volume at one point in July, while TradeXYZ and Variational account for nearly 90% of current $4.9B open interest.
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RWA perps reached about 20% of onchain perpetual volume at one point in July, while TradeXYZ and Variational account for nearly 90% of current $4.9B open interest.
The controller standard would determine who bears compliance duties across DeFi, while unresolved ethics rules targeting the president keep the legislation politically unsettled.
The CFTC revision addresses one DeFi fault line, but at least seven votes beyond the 53 Republicans and several policy disputes remain in play.
Unresolved Democratic support and ethics disputes over Trump's crypto interests still threaten the bill's path to the White House.
The proposal draws a compliance boundary around DeFi and narrows the provisions to spot or cash digital-commodity trades, while clarifying credit unions' crypto authority.
A fresh draft offers clearer CFTC treatment for DeFi, but a 60-vote threshold and unresolved crypto ethics dispute leave the bill's path uncertain.
Three HYPE-tracking ETFs are already live and a CFTC-led US path is taking shape. The buyback routes trading fees straight back to token holders, and that loop is the real angle.
The CEO's macro framing collapses three different relationships into one: token holders own USDT, eligible customers have a redemption right, and Tether International owns and runs the $115B T-bill…
MiCA-regulated issuance and euro-native vault rails are recreating the dollar DeFi flywheel in euros; RockawayX sees the next 12 to 24 months as a race to compress the gap.
Cantor Fitzgerald's role as investment banker signals TradFi-grade credibility for a project targeting BitGo custody, tier-one exchange listings, and Bitcoin lending infrastructure.
By cutting out the intermediary issuer and partnering directly with a lender of record, FACTOR offers a rare on-chain yield structure backed by real working capital assets rather than synthetic…
A former US Solicitor General is now arguing that letting incumbents sue regulators over every new product would freeze US derivatives innovation and protect the legacy order.
Summer's 59% share of fees since 2026 began shows how quickly event-driven activity is translating into revenue.
Tokenized equities now account for 80% of all on-chain RWA spot volume, up from 30% just months ago, signaling a structural shift in how real-world assets are being traded on-chain.
The $130M week landed on the back of an emerging memestocks sector that bundles memecoin launches with tokenized equities, putting the L2's fee trajectory on a fresh slope.
One firm's 17-account footprint now represents 7.8% of Hyperliquid's total perp volume and has generated $7M in fees for the protocol in roughly six months.
The composition of that OI matters: core crypto perps now dominate again after HIP-3's share slid from 34% to 25%, and a dollar on core perps routes 97% of fees into HYPE buybacks.
The proposal could slow interest accrual across seven Base markets, but it does not guarantee reserve transfers, supplier repayments or restored borrowing.
A single wallet turned $171.6K and $217.6K positions into gains of $13K and $25.6K respectively, showcasing the upside potential and risk profile of high-leverage perp trading on a non-custodial DEX.
The September 5 transaction settled in minutes outside traditional banking hours, marking the first live proof that tokenized deposits on Swift's Digital Ledger can sustain 24/7 cross-border USD…