NewsMV
Real-world asset perpetual futures, derivatives that let traders hold leveraged positions in tokenized off-chain instruments with no contract expiry, have reached 99.2% of Bitcoin ($BTC) perpetual volume across Hyperliquid and Binance ($BNB).
Tokenized equities drove the activity. Whether that figure crosses $BTC perp volume outright is the next threshold on this tape.
What moved, and why the comparison matters RWA perps reference assets that originate off-chain: equities, bonds, commodities, and similar instruments brought into a blockchain environment through a tokenization process.
The perpetual structure removes the need to roll positions at expiry, which lowers friction for traders who want continuous exposure without managing settlement dates.
Keep reading