Real-World Assets Overtake Crypto Trading on Hyperliquid for First Time

BitKE reported that Hyperliquid processed roughly $50 billion of the $79 billion traded across all decentralized perpetual exchanges last week, giving it a market share above 63%. Of that total, about $26 billion came from HIP-3 RWA markets alone, exceeding the combined crypto perpetual trading volume of every other decentralized exchange, according to Valente.

The shift has been driven largely by tokenized equities. Since June 2026, single-stock perpetual contracts have overtaken commodities and index products, accounting for 61% of all RWA trading volume on Hyperliquid.

Decrypt described the development as the first time real-world assets, including stocks, commodities, and market indices, outpaced crypto on what it called the world's biggest decentralized derivatives exchange.

Chainalysis data shows the region as the world's fastest-growing crypto market, with stablecoins driving cheaper cross-border payments across Africa.