RWA Perpetual Trading Surges Above $120B

- Onchain RWA perpetual volume reached $123 billion in August, extending a four-month run above $90 billion.
- July recorded a record $147 billion, while RWA perpetuals briefly represented about 20% of onchain perpetual volume.
- Current open interest stands near $4.9 billion, with TradeXYZ and Variational controlling nearly 90% of reported positions.
RWA perpetual trading has expanded rapidly, with monthly volume rising from $0.8 billion to $123 billion within ten months.
Monthly Volume Accelerates Through 2026
The Wu Blockchain post cited Castle Labs data showing exceptional growth. It reported August volume exceeding $120 billion across onchain RWA perpetual markets. That marked roughly 120 times growth from October's level below $1 billion.
The chart begins with $0.8 billion recorded during October 2025. November increased to $1.8 billion, followed by $4.3 billion in December. January then delivered a sharp increase, reaching $22 billion in monthly volume.
February volume climbed further to $33 billion on the displayed chart. March followed with $58 billion, while April reached $68 billion. By May, monthly activity had risen again, reaching approximately $93 billion.
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