RWA Trading Is Taking Over Hyperliquid, and One Investor Sees a Multichain Future

Hyperliquid was once best known for crypto-native markets, where bitcoin, ether and other major digital assets drove much of the action. Now, RWA trading is forcing the platform into a very different conversation.The shift is happening through HIP-3, Hyperliquid’s permissionless system for launching perpetual markets. Earlier this summer, markets built through the framework accounted for nearly half of the platform’s perpetual futures volume, compared with roughly 2% at the start of