Onchain RWA Perpetual Trading Volume Surpasses $120 Billion, Up Approximately 120x From October...

Onchain RWA Perpetual Trading Volume Surpasses $120 Billion, Up Approximately 120x From October 2025Castle Labs reported that onchain RWA perpetual trading volume rose from less than $1 billion in October 2025 to more than $120 billion in August 2026, representing approximately 120x growth in under a year. RWA perpetuals accounted for about 20% of total onchain perpetual trading volume at one point in July, and around 12%–13% in most months.Monthly volume has remained above $100 billion since June. Current open interest in RWA perpetuals stands at approximately $4.9 billion, with TradeXYZ and Variational accounting for nearly 90%.

Source: Wu Blockchain