Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editor

Written by Zoltan Vardaistaff writer

Reviewed by Yohan Yunstaff editor

Hyperliquid RWA contracts grow to 32% of trading activity in Q2

Latest NewsPublishedAug 6, 2026

Tokenized real-world assets accounted for more than a third of Hyperliquid’s quarterly trading volume, generating 6.6% of the protocol’s $169 million quarterly revenue.

Tokenized real-world asset (RWA) trading now accounts for more than 33% of the trading activity on decentralized exchange Hyperliquid.

HIP-3 RWA perpetual contracts saw their share of trading volume rise to 32.2% during the second quarter of 2026, up from 20.7% in Q1 and 1.8% in Q4 of 2025. RWA trading volume reached $213 billion during Q2 on Hyperliquid, as reported by its quarterly report published on Wednesday.

Hyperliquid stated that RWA trading generated 6.6% of the protocol’s quarterly revenue of $169 million. Of that $169 million, the platform stated it returned $141 million to token holders through Hyperliquid (HYPE) token buybacks. Hyperliquid reported over $1 billion in cumulative protocol revenue.

RWAs became Hyperliquid’s largest trading category for the first time last month, when RWAs accounted for 52% of Hyperliquid’s total weekly trading volume between July 13 and July 19, reflecting growing demand for tokenized assets on the decentralized exchange.

At the end of July, RWA perpetual futures reached 99.2% of Bitcoin (BTC) perpetuals volume on Hyperliquid.

RWA holders increased 56% to 1.6 million investors over the past month, while the total value of onchain tokenized assets rose 3.3% to $37.8 billion, as reported by data provider RWA.xyz.

Magazine: How Hong Kong is turning tokenized bonds into real market infrastructure

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• RWA
• RWA Tokenization
• Decentralized Exchange
• Trading
• Industry

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