Venue share

30d volume

Hyperliquid49%

tradeXYZ23%

Lighter10%

Variational8%

PPacifica4%

Extended4%

Signals

View all

Hyperliquid share, 30d49.4%Tightest spread · BTC<0.05

Markets tracked1488

New this week12 Last book walk2026-09-04

Market read2026-09-05 06:01 UTC

Tokenised equities are leading the market today.

Tokenised equities moved +4.98% over 24h on $1.26B of volume across 869 markets — the largest leading move of any class we track. Hyperliquid holds 49% of 30d perp volume. Tightest measured spread is under 0.05bps.

See the venue data Tokenised equities 24h+4.98%

Best spreadunder 0.05bps

From the desk

Curated market guides

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5 Onchain Experiments Putting Crypto Back on the Map

A field guide to new onchain market structures, including fully onchain stock trading and social trading systems.

Read on blocmates

Market snapshotMEASURED

Share of measured onchain perp positionsRWA26.1%For every $100 of measured open notional, $26.1tracks stocks, commodities, indices or other RWAs. RWA share of 24-hour trading volume is 22.9%.As of 2026-09-04 Leading asset01MARS+50.80%Highest volume02BTC$3.79B Best performing sector03Semis & AI Hardware+7.63%Leading exchange vol04Hyperliquid$6.27B Leading exchange OI05Hyperliquid$10.47B

Market breadth06245 / 580 up

Sector heat

colour is the 24h move

Layer 119$6.0B-1.83%Onchain Trading12$675.4M-3.45%Semis & AI Hardware13$604.3M+7.63%Energy8$441.4M-0.10%AI22$218.0M+2.06%Crypto Stocks9$156.7M-1.66%Memecoins19$147.1M-7.95%DeFi16$119.1M-2.37%Space & Defense2$93.8M-1.27%Compute10$87.0M+0.12%Stablecoins & Yield12$69.1M-2.50%EV & Mobility4$51.2M-3.66%Layer 213$35.0M-5.00%Biotech & Pharma3$1.5M-0.81%Nuclear & Uranium2$413K+1.25%

RWA share of measured onchain perps

Each line answers the same question: what percentage of activity across the venues we track comes from stocks, commodities, indices and other real-world assets?

OPEN POSITIONS

26.1%

24H VOLUME

22.9%

RWA share of open positions · 25–37%RWA share of daily volume · 5–58%Venue breakdown →

What it says: positions linked to RWAs remain open around the clock, while trading volume moves more sharply with market hours. Over this window the volume share moved 4.5x more widely than the open-position share.

6 directly ingested venues
90 daily snapshots

New Listings Radar

Newly detected markets across tracked venues — incl. unmapped

12 newLIVE

Listing alerts are being prepared for premium.

Join @blocmates for launch updates; this is not yet a live listing-alert channel.

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BMNRBitMinermapped

New market from HIP-3 deployer xyz.

tradeXYZstock · perpliq $5K

10h agoTRADE →

IBITIBITmapped

New market detected on QFEX.

QFEXstock · perp

21h agoTRADE →

DJTDJTmapped

New market detected on QFEX.

QFEXstock · perp

22h agoTRADE →

AMCAMCmapped

New market detected on QFEX.

QFEXstock · perp

22h agoTRADE →

SPCXSPCXmapped