Hyperliquid News: RWA Perpetuals Market Share Falls From 80% to 26% as Exchanges Expand

• Hyperliquid’s trade.xyz accounted for roughly 80% of real-world asset (RWA) perpetual trading volume in July, according to Artemis data. Its share has since fallen to 26%.

• Centralized exchanges collectively control 64% of the market.

• Weekly RWA perpetual volume has doubled to tripled, from around $20 billion to between $40 billion and $60 billion.

• Binance’s share rose from 3% to 30% within two weeks, and OKX climbed to 14%.

• Hyperliquid’s 30-day total perpetual futures volume stands at $208.07 billion.

• HYPE trades at $77.8, down 3.8% over 24 hours.

Hyperliquid’s trade.xyz accounted for roughly 80% of RWA perpetual trading volume in July. Its share has since fallen to 26%, while centralized exchanges collectively control 64%, according to Artemis data.

The latest Hyperliquid news comes as overall weekly RWA perpetual volume has doubled to tripled.

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Hyperliquid RWA Perpetuals Market Share: Key Figures

According to Artemis data shared by Ark Invest Digital Asset Head of Research Lorenzo Valente:

• Hyperliquid’s trade.xyz share (July): roughly 80%

• Hyperliquid’s trade.xyz share (now): 26%

• Centralized exchanges combined: 64%

• Weekly RWA perpetual volume: from around $20 billion to between $40 billion and $60 billion

• Binance: from 3% to 30% in two weeks

• OKX: 14%

• Gate and Bitget: also expanding

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Main News: Centralized Exchanges Gain Share

Hyperliquid’s trade.xyz accounted for roughly 80% of RWA perpetual trading volume in July. Its share has since fallen to 26%, while centralized exchanges collectively control 64% of the market.

Weekly trading volume has doubled to tripled, from around $20 billion to between $40 billion and $60 billion.

What the Exchanges Have Launched

• Binance: launched TradFi perpetual contracts in March, covering commodities such as gold and silver, selected stocks including Tesla and Intel, and exchange-traded funds (ETFs). The contracts settle in USDT and allow around-the-clock trading.

• OKX: launched more than 40 tokenized U.S. stocks and ETFs in July, offering 24/7 trading against USDT in supported regions. Users can trade assets such as Apple, Nvidia and Tesla through their existing exchange accounts.

• Gate and Bitget: are also expanding their presence.

Hyperliquid initially offered round-the-clock exposure to assets that traditional markets trade during limited hours. Oil perpetual futures became particularly attractive during geopolitical tensions at the start of the year.

Traders who monitor Hyperliquid trading activity and wallet flows can follow live data through SpotX.

Tokenized Securities Developments

• NYSE: announced plans in January to develop a platform supporting 24/7 trading and blockchain-based settlement of tokenized securities, subject to regulatory approval.

• OKX and ICE: through their joint venture OKXICE, announced plans to launch an on-chain tokenized securities venue.

• SEC: introduced its Innovation Exemption in September, granting conditional, temporary regulatory relief to qualifying venues trading certain tokenized U.S.-listed stocks.

Hyperliquid’s Overall Volume

Hyperliquid’s 30-day total perpetual futures volume stood at $208.07 billion.

HYPE Price

HYPE trades at $77.8, down 3.8% over the past 24 hours at the time of writing.

Summary: Hyperliquid News Today

Hyperliquid’s trade.xyz share of RWA perpetual volume fell from about 80% in July to 26%, while centralized exchanges reached 64% in a market whose weekly volume has doubled to tripled.

• Share: trade.xyz 26%, centralized exchanges 64%

• Binance: 3% to 30% in two weeks

• OKX: 14%

• Market size: weekly volume of $40 billion to $60 billion, from about $20 billion

• Hyperliquid overall: 30-day perpetual volume of $208.07 billion

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