RWA Perps Weekly Volume on DEXs Jumps 75% Since August

The headline number understates the more telling shift: the market's centre of gravity moved, not just its size. Variational tripling its share while overtaking TradeXYZ points to liquidity and trader attention concentrating around a single venue, which cuts both ways for execution quality and for how resilient this volume proves if incentives or market-making support fade. RWA perps are still a small slice of overall derivatives activity, so the open question is whether this is durable demand for tokenized-asset exposure or a short-lived rotation between platforms.