A16Z Crypto · 23 September 2026 · Industry Analysis

The rise of the $100-billion RWA perp market

A16Z Crypto

Real-world asset perpetual futures trading—contracts tied to stocks, gold, and commodities—has surged to $117 billion in monthly volume, with 86% of activity now happening onchain, driven largely by infrastructure upgrades enabling decentralized derivatives markets.

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Topics: Crypto & Web3 · Fintech

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