According to a report by Castle Labs, the on-chain RWA perpetual contract trading volume grew from less than $1 billion in October 2025 to over $120 billion by August 2026—an increase of approximately 120x in less than a year. In July this year, RWA accounted for about 20% of the total trading volume of on-chain perpetual contracts, with most months hovering around 12%–13%. Since June, monthly trading volume has consistently exceeded $100 billion. Currently, the open interest for RWA perpetual contracts is approximately $4.9 billion, with TradeXYZ and Variational together making up nearly 90% of the total. https://(wublock123.com)/news/castle-labs-the-monthly-transaction-volume-of-rwa-perpetual-contracts-on-the-chain-has-exceeded-120-billion-an-increase-of-about-120-times-compared-to-october-last-year-68223