Hyperliquid Sees RWAs Surge to More Than Half of Weekly Trading Volume

TL;DR

• Hyperliquid’s tokenized RWA contracts generated $25.1 billion from July 13 to July 19, representing 52% of the platform’s $48.2 billion weekly trading volume.
• RWA holders increased 32% to 1.25 million over the month, while the total value of tokenized real-world assets rose 3.5% to $36.7 billion.
• Hyperliquid earned $7.6 million in weekly revenue, ranking third among crypto applications as institutional interest and perpetual-market adoption continued expanding across global financial markets.

Hyperliquid’s market for tokenized real-world assets has crossed an unexpected threshold, becoming the platform’s largest trading category for the first time. Between July 13 and July 19, RWA contracts generated $25.1 billion in volume, representing 52% of Hyperliquid’s $48.2 billion weekly total. Tokenized assets now account for more activity than every other category combined on the exchange. The milestone suggests traders are increasingly using perpetual markets to gain exposure to assets linked with traditional finance, rather than concentrating exclusively on crypto-native tokens and familiar digital commodities across a venue built primarily for leveraged digital-asset speculation.

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