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Tokenized real-world assets (RWAs) became Hyperliquid's largest trading category for the first time, generating $25.1 billion in weekly volume and accounting for 52% of the DEX's total $48.2 billion volume. RWA holders grew 32% to 1.25 million users over the past month. Hyperliquid ranked third among crypto apps by weekly revenue at $7.6 million.
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