📰 Speculation in the crypto market is shifting. Over the past year, total open interest in perpetual futures on major trading platforms fell from $81 billion to around $67 billion, while contracts linked to RWAs grew from almost zero to $9 billion, accounting for 14% of the total.
🔥 Meanwhile, open interest in BTC perpetual futures fell by about $8 billion, ETH by around $5 billion, and other tokens combined by roughly $10 billion. To be honest, leveraged interest in crypto-native assets still hasn’t returned to previous levels.
💡 The $9 billion increase in RWA contracts has only filled part of the gap, but the shift is clear: trading platforms are gradually bringing the perpetual futures model to traditional assets such as stocks and commodities.
It’s actually pretty interesting. In the past, when people talked about RWAs, they mostly thought of putting assets on-chain. But what’s taking off first is trading derivatives based on traditional assets. The money may not have left speculation—it’s just switched to a different underlying asset.
🤔 If trading platforms keep adding perpetual futures for stocks and commodities, would you trade these RWA contracts, or stick to BTC and ETH?
#RWA #永续合约 #BTC #ETH
🔥 Meanwhile, open interest in BTC perpetual futures fell by about $8 billion, ETH by around $5 billion, and other tokens combined by roughly $10 billion. To be honest, leveraged interest in crypto-native assets still hasn’t returned to previous levels.
💡 The $9 billion increase in RWA contracts has only filled part of the gap, but the shift is clear: trading platforms are gradually bringing the perpetual futures model to traditional assets such as stocks and commodities.
It’s actually pretty interesting. In the past, when people talked about RWAs, they mostly thought of putting assets on-chain. But what’s taking off first is trading derivatives based on traditional assets. The money may not have left speculation—it’s just switched to a different underlying asset.
🤔 If trading platforms keep adding perpetual futures for stocks and commodities, would you trade these RWA contracts, or stick to BTC and ETH?
#RWA #永续合约 #BTC #ETH