Six months ago, RWA perps didn't exist as a market. Today they represent 37% of onchain daily perp volume at peak, which is a 100% growth in four months.

Commodities and stocks currently see the most traction, and equities specifically have been accelerating. Traders are seeking access to regional markets that traditional brokerages block based on jurisdiction, and being onchain removes that friction entirely.

CEXs are catching on, with Binance partnering with traditional brokerage infrastructure and Coinbase launching pre-IPO perps.

But onchain venues still lead on factors such as velocity.

DWF Ventures discusses where the edge for the market moving forward lies.