RWAs

Delphi Digital's 'State of Token Markets' report flags sell pressure baked into current issuance mechanics, as the U.S. STO market expands despite CLARITY Act delays.

Bitcoin closed the week up 1.6 percent, but on-chain flows split sharply toward decentralized infrastructure and gaming as L2s and tokenized treasuries shed capital.

Tokenized real-world assets accounted for 52 percent of Hyperliquid's $48.2 billion in total volume from July 13-19, the first week RWAs outpaced perpetual futures.

Tokenized real-world assets on Hyperliquid generated $25.1 billion in weekly volume, the first time RWAs outpaced perpetual futures on the exchange.

Tokenized real-world assets accounted for 52 percent of the DEX's total $48.2 billion volume from July 13 to July 19, a first for the platform.