CoinDesk·4 min read·hard

RWA perps will outpace tokenization

M
Martin Lee
RWA perps will outpace tokenization
AI Summary

Trading volume for Real World Asset (RWA) perpetual futures has surged significantly, outpacing traditional tokenized spot markets. Traders prefer these derivatives due to their 24/7 availability and lower complexity compared to traditional financial instruments.

RWA perps hit $347 billion in volume in May , a 1,472x increase from the $230 million traded at the start of 2025. Daily open interest on DEXs alone hit a new highs of $4.5 billion in July . By the end of May, exchanges facilitated $1.32 trillion in volume, 13x what we saw in all of 2025.

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