GM, The RWA story is starting to move beyond tokenizing assets. RWA perpetual DEXs have already done $365B in trading volume this quarter, up 32% from Q2. And almost half of that came from public equities, with stock perps alone generating roughly $175B It’s starting to look like most traders don’t necessarily care about owning the underlying stock onchain. They want the ability to trade its price, go long or short, use leverage, and do it 24/7. Hopefully, this volume eventually lead to deeper onchain liquidity and actual ownership, lending and settlement around those assets. Pay attention to RWA!
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