Everyone is watching ETH charts right now, but I think this is more interesting.
RWA perps have already done more than $2T in trading volume this quarter. That is higher than the whole previous quarter, and Q3 is not even over yet.
A big part of that volume is coming from HIP-3 markets on Hyperliquid. People are trading perps based on stocks, commodities, and indexes, not only BTC and ETH.
Obviously, $2T in volume does not mean $2T is sitting on-chain. It is mostly synthetic trading, so the volume could disappear fast if traders lose interest. Still, it feels like crypto trading platforms are slowly becoming another way to get exposure to traditional markets.
I’m curious if this kind of activity will ever matter for ETH itself, or if it will stay separate from Ethereum and mostly benefit the platforms running the trades?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments