Hyperliquid, a decentralized perpetuals exchange, has reported that real-world assets (RWAs) surpassed cryptocurrency transactions for the first time in a single week. During the week of July 13 to 19, 2026, RWA activity generated $25.1 billion out of a total of $48.2 billion in weekly volume. Individual stocks accounted for 61% of the RWA volume, driven by the platform’s HIP-3 mechanism governing tokenized stock-style markets. This development reflects a broader trend in decentralized exchanges.
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