RWA futures did not overtake crypto derivatives market-wide. The $107.6B vs. $105.7B crossover came from comparing trade. xyz’s RWA volume with Hyperliquid’s crypto volume. In broader July CEX data, RWA perpetuals accounted for about 15.2% of total derivatives volume. https://cryptoslate.com/rwa-futures-only-overtook-crypto-in-one-narrow-market-sample/