Name: RWA Markets; tokenized real-world asset trading analytics
Creator: Refraction Research

RWA Markets tracks tokenized real-world asset trading across DEX and CEX perp venues. Tokenized RWAs traded $36.1B in the last 24h across 22 venues, in 393 assets over 1540 markets. Tokenized real-world assets are 19.0% of all tracked perp open interest ($9.4B).

Today: Daily snapshot of tokenized real-world asset trading: 24h volume, open interest, new listings, funding extremes and market pulse across every tracked venue.
Volume Dominance: How much of each exchange's perp volume is tokenized real-world assets; DEX vs CEX share, venue race, and per-venue RWA dominance over time.
OI Dominance: Tokenized RWA share of open interest per venue, plus the global macro view: total RWA perp OI against DeFi TVL across every tracked exchange.
Top Traded Assets: Leaderboard of tokenized stocks, commodities and indices by volume and open interest, with per-asset oracle consensus and venue breakdowns.
Institutional Velocity: Trades-per-minute, average trade size, spread and slippage for every tokenized asset; where institutional-scale prints are happening.
Asset Analyzer: Per-asset deep dive: venue volumes, liquidity matrix, depth, open interest split and funding for any tracked tokenized real-world asset.
Trader Intelligence: Onchain trader analytics for tokenized RWAs: wallet tiers, directional flows, recurring-trader cohorts, cross-venue capital rotation and DeFi capital.
DeFi Markets: Tokenized-asset DeFi: lending markets, yields and TVL across chains, fund issuance, and the tokenized-treasury cash-and-carry screen.

Institutional Velocity

Trade frequency vs. average trade size; higher avg size with lower TPM signals institutional flow

Min 5 trades

… · 22 venues · bubble area ∝ volumeMethodology

Institutional Velocity; liquidity and trade-size fingerprints; RWA Markets, by Refraction Research