According to CoinMeta, a16z and crypto released a research report stating that blockchain enables market supply to keep up with global potential demand through permissionless issuance and global distribution. In July, the annualized trading volume of RWA perpetual contracts on the chain reached 1.4 trillion US dollars, accounting for about half of the Hyperliquid order book. During the oil price shock in February this year, when CME was closed, WTI became one of the most liquid markets in the world on trade.xyz. Markets such as Cerebras and SpaceX priced more accurately than investment banks.