a16z: RWA Perpetual Futures Trading Volume Surged 44x YoY to $117.3 Billion in August

a16z crypto reported that trading volume for perpetual futures linked to stocks, gold, and other traditional assets reached $117.3 billion in August, a 44-fold increase year-over-year. On-chain platforms accounted for 86% of this volume, totaling approximately $101 billion, while centralized exchanges handled $16 billion. Open interest reached $4.8 billion. By asset class, stocks represented 48% of August volume, followed by commodities at 28% and indices at 18%. The growth is attributed to infrastructure upgrades such as Hyperliquid's HIP-3.