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

Trades-per-minute, average trade size, spread and slippage for every tokenized asset; where institutional-scale prints are happening.

Tokenized RWAs traded $19.1B in the last 24h across 22 venues, in 394 assets over 1535 markets.

Tokenized real-world assets are 18.4% of all tracked perp open interest ($8.8B).