RWAs

Bitcoin closed the week up 1.6 percent, but on-chain flows split sharply toward decentralized infrastructure and gaming as L2s and tokenized treasuries shed capital.

Tokenized real-world assets accounted for 52 percent of Hyperliquid's $48.2 billion in total volume from July 13-19, the first week RWAs outpaced perpetual futures.

Tokenized real-world assets on Hyperliquid generated $25.1 billion in weekly volume, the first time RWAs outpaced perpetual futures on the exchange.

Tokenized real-world assets accounted for 52 percent of the DEX's total $48.2 billion volume from July 13 to July 19, a first for the platform.