PANews reported on September 24 that a16z crypto issued a statement stating that trading of perpetual contracts linked to stocks, gold and other traditional assets is growing rapidly, and more and more of these trading activities are being conducted on the chain. Monthly trading volume of RWA perpetual contracts reached $117.3 billion in August, a 44-fold surge year-on-year. The value of open interest reached $4.8 billion. The vast majority of trading activities occur on the on-chain platform. Currently, the on-chain platform accounts for 86% of the total RWA perpetual contract trading volume, approximately US$101 billion, and the transaction volume of centralized exchanges is approximately US$16 billion. The asset mix is also changing, with equities accounting for 48% of August turnover, commodities and indices accounting for 28% and 18% respectively.
PANews reported on September 24 that a16z crypto issued a statement stating that trading of perpetual contracts linked to stocks, gold and other traditional assets is growing rapidly, and more and more of these trading activities are being conducted on the chain. Monthly trading volume of RWA perpetual contracts reached $117.3 billion in August, a 44-fold surge year-on-year. The value of open interest reached $4.8 billion. The vast majority of trading activities occur on the on-chain platform. Currently, the on-chain platform accounts for 86% of the total RWA perpetual contract trading volume, approximately US$101 billion, and the transaction volume of centralized exchanges is approximately US$16 billion. The asset mix is also changing, with equities accounting for 48% of August turnover, commodities and indices accounting for 28% and 18% respectively. a16z crypto notes that growth is closely tied to infrastructure upgrades like Hyperliquid HIP-3.