With RWA spot markets now live on Aevo, every single one of them has a matching perp already running, so the traders who use to trade crypto perps like $HYPE and $ETH now have six new assets to build strategies around.
Take QQQon for example, backed one-to-one by the underlying, tradeable around the clock with zero gas. You can go long QQQon spot and short the QQQ perp in the same account. The two legs largely offset the index move, and direction is no longer the main trade. The short perp leg still earns:
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The same setup runs across all six RWA assets now live on Aevo: NVDAon, TSLAon, SPYon, QQQon, HOODon, and GOOGLon.
Both legs in one account, no capital split between platforms.
$AAVE and $UNI are both navigating the same question right now: how does a protocol return value to holders without printing it?
Aevo's answer has been running quietly every month since AGP-3, as exchange fees go in, AEVO comes off the open market, and the burn transaction settles on-chain.
This month: another 1 million removed.
The product suite keeps growing, including PERPS+, HYPE options, and equity perps, each generating the fees that feed the same mechanic, with the supply trending down as the exchange earns.
$PLTR surged +20% on AI sovereign demand today, while last week, MSFT jumped 15% on Azure growth and META moved in the opposite direction on capex concerns.
On Aevo, traders can position across all of it alongside $HYPE and $SOL from the same account and collateral pool.
Equity perps on PLTR, MSFT, and META trade on the same margin engine as crypto perps and options with no brokerage account needed, no platform switching.
AI infrastructure spending proved out as a macro thesis across equities and crypto in the same week, and Aevo is where traders had access to both sides simultaneously.
Every trade whether of $HYPE , $ETH or any asset on Aevo generates exchange fees. Those fees fund a monthly buyback that pulls $AEVO from the open market and removes it permanently.
75 million AEVO burned to date, and the amount scales with volume so as more traders use the platform, more supply leaves circulation.
The loop is simple: volume grows, fees accumulate, buyback runs, supply contracts, as AGP-3 made it automatic, and it has been running without interruption since the start.
The supply is fully distributed, no team allocations, no unlock schedules, no cliff dates.
$MSFT is among the top gainers on Aevo now, while $META is among the top losers as two earnings reports came out on the same night and told completely different stories.
Microsoft beat on revenue and EPS with Azure cloud growth doing the heavy lifting, while Meta posted strong revenue but missed profitability expectations.
Opposite reactions, same earnings window, and both were tradeable on Aevo in real time from the same account and collateral pool as your $BTC and Ethereum book, no brokerage account, no separate margin, just one position from your existing balance.
That is what having equities and crypto under one roof actually looks like in practice.