RWA Perpetual Futures Open Interest Nears $20B, Up 192% Since June

The striking detail is the venue split: centralized platforms dominate RWA perpetual open interest overall and lead in equities and precious metals, while decentralized venues punch above their weight in equity index derivatives. That suggests two distinct user bases and risk profiles are forming around the same asset class, rather than one unified market. Whether the centralized share keeps growing as open interest expands, or decentralized venues close the gap in the segments they already lead, is the open question worth tracking.