According to ChainCatcher, Bitwise Chief Investment Officer Matt Hougan stated that while it was previously anticipated that traditional markets would take 5 to 10 years to widely migrate on-chain, the massive influx of investors into crypto platforms trading tokenized assets during the U.S.-Israel strike on Iran and the subsequent shutdown of major global stock markets has significantly accelerated expectations for the adoption of "on-chain finance." The crypto perpetuals platform Hyperliquid has become a hub for trading real-world assets (RWA) such as crude oil and tokenized gold. “For much of Sunday, on-chain finance became the center of the global financial market,” according to data showing Hyperliquid’s combined trading volume exceeded $11.5 billion over Saturday and Sunday. Additionally, Tether Gold, Tether’s tokenized gold product, saw its 24-hour trading volume surge above $300 million, while trading volumes on prediction markets Kalshi and Polymarket also rose significantly.
Hyperliquid weekend volume exceeds $11.5 billion amid surge in chain-on-finance activity.
ChaincatcherShare
Summary
On-chain data shows Hyperliquid’s weekend volume reached $11.5 billion as on-chain finance activity surged. With major stock markets closed, investors turned to crypto platforms. The exchange became a key hub for tokenized assets such as gold and crude oil. On-chain analysis reveals increased interest in derivatives tied to real-world assets. Hyperliquid’s performance underscores rising demand for 24/7 trading alternatives.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.