Five-Venue Measure Recorded About $9 Billion in RWA Perpetual Open Interest

Open interest in real-world-asset (RWA) perpetual contracts across five venues was about $9 billion, or 14% of the sample's total perpetual open interest. The figure adds market context to Ripple Prime's institutional swaps launch, but does not measure activity on the brokerage's service. Total perpetual open interest across the five venues was about $67 billion, down from $81 billion a year earlier. RWA perpetual open interest had grown from near zero over that period. Open interest counts positions that remain open, so it differs from trading volume. Perpetual contracts have no fixed expiration date, allowing a position to remain open without moving into a new dated contract. Ripple Prime announced the service Thursday, Oct.

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