According to CoinMeta and on-chain analyst Ashes, the trading volume of the RWA perpetual contract market (including stocks, commodities, foreign exchange, indices) has grown from 822 billion US dollars to 3.16 trillion US dollars in just three months, showing a rapid growth trend. Currently, the majority of trading volume comes from stocks, accounting for over 60%. Leading platforms such as Binance, Hyperliquid, OKX, and Bitget account for 86% of the market share and have become the main beneficiaries of this growth. CZ also mentioned that in the future, there will be IPO stocks traded on the chain, which will bring even more growth potential to the RWA market, especially for stock perpetual contracts.