RWA perpetuals hit $18.8 billion in daily volume across Talos-tracked venues, up from under $1 billion in January. On Hyperliquid, 80.9% of RWA-first wallets never traded outside RWA markets. The threat to altcoins is not a mass exodus. It is that traders now have another place to find leverage, volatility and 24/7 markets. https://cryptoslate.com/altcoin-demand-faces-18b-threat-as-flows-move-into-rwa-perps-while-only-19-of-traders-keep-altcoins/