RWA Perpetuals Post $829.4 Billion in October Trading Volume

Real-world asset perpetuals recorded $829.4 billion in October trading volume, while open interest reached a record $14.6 billion across contracts tied to equities, commodities and indexes.

The reported volume was up 29% from September. U.S. single-stock perpetuals generated 49.8% of their volume while the New York Stock Exchange was closed, meaning trading in those contracts also took place outside the exchange’s operating hours.

Pyth data priced 88.5% of October’s trades. The figure refers to the share of trading for which Pyth provided pricing data.

The October total covers one month. In the third quarter, tracked RWA perpetual volume reached $2.16 trillion, including $2.04 trillion, or 94.4%, in markets using Pyth data. The third-quarter RWA perpetual volume breakdown covers that three-month period.

Open interest had previously reached $12.6 billion in the third quarter. The October figure exceeds that mark, which was covered in an earlier open-interest update.