[RWA Perpetuals: The True PMF Between Crypto and TradFi] Crypto spent eight years applying the primitive of perpetual contracts solely to BTC and ETH. Now, with the simultaneous maturity of oracles, stablecoins, and tokenized RWA, perpetuals are about to step into the real major markets of stocks, commodities, forex, and interest rates. This represents the biggest derivatives opportunity in crypto by 2026, and in the derivatives space, winners take all—the window is closing.