Trade[XYZ] RWA Perps Share Falls To 48% As Open Interest Hits Record $7.9B

Trade[XYZ]'s RWA perps share fell to 48% from 77% during the week of Oct. 19, 2026, as total open interest hit a record $7.9 billion and Binance and Gate.io abs

• Trade[XYZ]'s market share in RWA perpetuals has significantly decreased to 48% from 77%, while the total open interest reached a record $7.9 billion.
• Binance and Gate.io have absorbed Trade[XYZ]'s lost market share, driven by deeper liquidity pools and aggressive listing strategies for tokenized assets like treasuries and private credit.
• The shift indicates a maturing RWA derivatives market moving towards greater competition and distribution across multiple venues, with future trends dependent on exchange strategies and potential regulatory developments.

Topics: Institutional adoption, Scalability, Secondary market, Asset manager initiatives, Market depth liquidity, On chain liquidity volume

Tags: #rwaperps #openinterest #tradexyz #binance #gateio #tokenizedtreasuries #privatecredit #marketshare #liquidity #derivatives

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