According to CoinMeta, as reported by Coindesk, the trading volume of perpetual contracts for RWA (real-world assets) reached $347 billion in May 2026, a 1472-fold increase from $230 million at the beginning of 2025. At the same time, the trading volume of tokenized assets is also growing rapidly, with over $34 billion in assets having been tokenized. Nevertheless, the growth rate of RWA perpetual contracts is even faster, with the average daily open interest reaching a historic high of $4.5 billion in July. The rapid growth of RWA perpetual contracts is partly due to the demand from crypto traders for RWA such as commodities and artificial intelligence stocks. Compared to traditional financial products, perpetual contracts offer a more flexible trading mechanism that can continue to operate after the market closes.