ARK Invest digital assets research head Lorenzo Valente said trading venues focused on real-world assets, or RWAs, can reach meaningful scale with little reliance on Bitcoin and Ether liquidity, potentially pushing RWA liquidity to split by asset class. Speaking on July 23, Valente said DeFi is moving into a new phase as trading activity around tokenized equities and other RWAs grows. Data cited in his remarks showed RWAs accounted for 54% of Hyperliquid’s weekly volume, while single stocks made up 61% of RWA trading volume. Over the same period, decentralized exchanges recorded $79 billion in perpetual futures volume, with Hyperliquid contributing $50 billion. Valente added that if Trade.xyz were to account for 90% of Hyperliquid’s trading volume, it could seek a larger share of user fees. He also said most successful applications are still likely to rely on shared infrastructure, with teams considering their own chain only when the cost of operating independently outweighs the value they get from rented liquidity, users, and security.
ARK Invest digital assets research head Lorenzo Valente said trading venues built for real-world assets (RWA) can scale with minimal dependence on Bitcoin and Ether liquidity, while also pushing RWA liquidity to separate by asset class.
On July 23, Valente said DeFi is entering a new phase. Data cited in his remarks showed RWAs made up 54% of Hyperliquid’s weekly trading volume, and single stocks accounted for 61% of RWA trading volume. During the same period, decentralized exchanges posted $79 billion in perpetual futures volume, of which Hyperliquid contributed $50 billion.
Valente said that if Trade.xyz were to represent 90% of Hyperliquid’s trading volume, it could ask for a higher share of user fee revenue. He added that most leading applications will still depend on shared infrastructure, and may choose to build their own chain only when the cost of operating independently exceeds the value of renting liquidity, users, and security.
The report was cited by Bitcoin.com News.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
