RWA Perps Hit Record High as CEX Volume Slumps: Is DeFi Trading Moving to New Wrappers?
Q1 2026 RWA‑perp volume hit $524.8B while May CEX trading fell 5.8%. We unpack HIP‑3 wrappers, risks, fees, and whether flow is shifting to DeFi.
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Q1 2026 RWA‑perp volume hit $524.8B while May CEX trading fell 5.8%. We unpack HIP‑3 wrappers, risks, fees, and whether flow is shifting to DeFi.