Ondo launches execution network to close CEX-grade speed gap
The launch pairs CEX-like speed with non-custodial trading and onchain settlement, and now powers Ondo Perps, layering derivatives onto the firm's RWA stack.
Every Zipp story tagged #OnChainDerivatives, newest first.
The launch pairs CEX-like speed with non-custodial trading and onchain settlement, and now powers Ondo Perps, layering derivatives onto the firm's RWA stack.
The size of the bet is the headline, but the venue is the story: a London-based quant manager is now comfortable running nine-figure derivatives exposure natively on a decentralized perpetuals book.
RWA's share of on-chain perps volume rocketed from 0.16% in Q4 2025 to nearly 35% by Q3 2026, with June alone printing $118B across 652 markets.
Quarterly volume jumped 39% from Q1 and 18x year-over-year, making prediction markets one of the fastest-growing on-chain categories of 2026.
The platform's public leverage tape lets anyone watch high-conviction blow-ups in real time, and the cascade is starting to drive its own short-term setups.
A fresh wallet funded 4.24M USDC on the on-chain perp DEX and went long 500,000 oil contracts at 10x leverage, with a liquidation line at $71.50.
Jeff Yan's disclosure lands as ICE and CME have been lobbying to restrict the protocol, making compliant U.S. access the deciding variable for Hyperliquid's next leg of growth.