Key Takeaways:

• Binance Research saw RWA perps jump from 0.2% to 4.9% in 90 days, challenging futures markets.
• Gold hit 3.6% of COMEX and silver 13.6% by April, signaling rising crypto price discovery.
• Circle (CRCL) perps reached 12.1% of NYSE volume, pointing to broader asset expansion next.

Crypto Derivatives Surge as RWA Perps Expand Market Share

Crypto-native perpetual markets linked to real-world assets are expanding at a pace that is beginning to challenge traditional finance benchmarks.

According to Binance Research, the data from the past 90 days shows a sharp rise in activity. The ratio of Binance’s RWA perpetual trading volume to primary traditional futures markets has climbed from just 0.2% to 4.9%. While still small in…