A16Z Crypto · 23 September 2026 · Industry Analysis

The rise of the $700-billion RWA perp market

A16Z Crypto

Real-world asset perpetual futures trading volume surged to $701 billion monthly (up 1,148x year-over-year), with crypto exchanges now capturing 85% of activity and equities overtaking commodities as the dominant asset class.

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Topics: Crypto & Web3 · Banking & Capital Markets

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