Hyperliquid Smashes RWA Record at $3.6B, Overtakes Bitcoin Volume
Hyperliquid’s real-world asset derivatives market has surged to a historic $3.6 billion in open interest, marking the first time RWA perpetuals have eclipsed Bitcoin as the platform’s largest trading venue. The milestone signals a dramatic shift in trader capital allocation toward tokenized equities, commodities, and pre-IPO assets on the decentralized derivatives exchange. Background on Hyperliquid’s…