Global assets (RWA) are now trading more than cryptocurrencies on the leading trading platform Hyperliquid (HYPE).
This growth saw RWAs represent 54% of last week’s trading volume on Hyperliquid, he says Research manager of ARK Invest Lorenzo Valente.
According to Valente, it is the first time that RWAs have crossed the crypto trading level on the platform in one week.
“The most interesting fact: since June, single stocks have outperformed the indices and stocks on HIP-3. Today, 61% of all RWA trades are in one group.”
The core of the HIP-3 platform enables future trading of tokenized assets, stocks and other assets. The analyst estimates that Hyperliquid took in $50 billion of the $79 billion in fixed exchange (DEX) futures transactions during the period, with HIP-3 RWA sales accounting for $26 billion of the platform’s total sales.
Valente said,
“In other words, the RWA market of Hyperliquid alone was bigger than the total crypto volume of any other DEX. If you are only looking at the crypto token trade, I think you are looking at the wrong market. I am not sure that the RWA trade will merge in the same place as crypto. There will be many leaders of groups within BTWA / ETH who will be more important than the people who are moving right now.
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