POPA ReconMonthly RWA Trading Volume on Perp DEXs
Monthly RWA Trading Volume on Perp DEXs RWA trading volume on perpetual DEXs hit a record $141B in July, up 19.5% from June and more than 6x where it started the year at $23.1B, per CryptoRank and DeFiLlama. But the record wasn't broad. Public equities went from 36.4% of volume in June to 51.1% in July - roughly $43B to $72B, a $29B increase against a $23B increase for the market as a whole. Everything else on the board, metals and indices and oil, shrank by about 8% between the two months. Seven months of steady growth turned into one month of rotation, and tokenized stocks now account for…
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