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I was looking at the RWA perps data and the numbers are pretty wild.
From mid December 2025 to mid March 2026, daily volume was regularly in the billions, with one peak close to $6B in a single day.
Commodities led the market, followed by indices and ETFs. Stocks also had a solid share, usually around 10% to 15% of daily volume, with names like TSLA, NVDA, and AAPL.
On March 14 alone, stock perps did around $90M in volume, roughly 13% of the total day.
To me, this shows RWA perps are not just a future narrative anymore. The demand is already there =)