Tokenized real-world asset (RWA) trading now accounts for more than 33% of the trading activity on decentralized exchange Hyperliquid.<\/p>\n
HIP-3 RWA perpetual contracts saw their share of trading volume increase to 32.2% during the second quarter of 2026, up from 20.7% in Q1 and 1.8% in Q4 of 2025. RWA trading volume reached $213 billion during Q2 on Hyperliquid, according to its quarterly report<\/a> published on Wednesday.<\/p>\n Hyperliquid said that RWA trading generated 6.6% of the protocol\u2019s quarterly revenue of $169 million. Of that $169 million, the platform said it returned $141 million to token holders through Hyperliquid (HYPE) token buybacks. Hyperliquid reported over $1 billion in cumulative protocol revenue.<\/p>\n RWAs became Hyperliquid\u2019s largest trading<\/a> category for the first time last month, when RWAs accounted for 52% of Hyperliquid\u2019s total weekly trading volume between July 13 and July 19, reflecting growing demand for tokenized assets on the decentralized exchange.<\/p>\n At the end of July, RWA perpetual futures<\/a> reached 99.2% of Bitcoin (BTC) perpetuals volume on Hyperliquid.<\/p>\n RWA holders increased 56% to 1.6 million investors over the past month, while the total value of onchain tokenized assets rose 3.3% to $37.8 billion, according to data provider RWA.xyz<\/a>.<\/p>\n Magazine: <\/strong><\/em>How Hong Kong is turning tokenized bonds into real market infrastructure<\/strong><\/em><\/a><\/p>\n Related:<\/strong> Bitcoin price<\/a> \u00b7 BTC live chart<\/a> \u00b7 Ethereum price<\/a> \u00b7 ETH gas fee<\/a> \u00b7 Bitcoin price today<\/a> \u00b7 Top 10 cryptocurrencies<\/a><\/p>\n