Hyperliquid's RWA activity surged in the first half of 2026, and the platform user structure and market trends changed significantly.
In the first half of 2026, real-world asset (RWA) activity on the Hyperliquid platform increased significantly, triggering widespread market attention to the evolution of platform users and transaction trends.
RWA transactions drive an influx of new users
Real-world assets are blockchain tokens that represent traditional assets such as government bonds, real estate, or commodities. This rapidly growing field allows investors to access familiar financial products in a decentralized environment.
The latest platform data shows that in the first six months of 2026, RWA transactions accounted for 31.7% of new registered users of Hyperliquid. During this period, these activities attracted a total of 169,000 new wallets to the platform.
Among them, approximately 137,000 wallets (80.9%) have always focused on the RWA market and have not shifted to mature digital assets such as Bitcoin or Ethereum. This highlights a shift in user intent: For many, RWA has become the ultimate destination of blockchain finance, rather than just a gateway to the broader cryptocurrency landscape.
The vast majority of RWA-driven wallets remain in these markets, suggesting that for many users, blockchain-based exposure to traditional assets has become a major attraction rather than just an entry point for digital cryptocurrencies such as Bitcoin or Ethereum.
This model reflects the shift in user expectations for blockchain platforms. Analysts believe that institutional participation, regulatory dynamics and changes in investor structure will further shape RWA adoption prospects.
HYPE Price Trend and ETF Fund Inflows
As of the latest data, Hyperliquid governance token HYPE was reported at US$57.39, an increase of 22.52% in the past year.
Technical analysts identified a downtrend line on the HYPE price chart. If the token breaks through this resistance level, it is expected to rise further to $57.21 and then challenge the $60 mark. However, if HYPE fails to hold on to current support, the price could fall to $51.20.
Since its launch, HYPE ETF has a net inflow of US$297.71 million, and a net outflow of US$15.16 million for the same period. The large net inflow is seen as a signal of growing demand for the asset from institutional and retail investors.
Bitwise opened positions for its ETF customers by purchasing 28,085.8 HYPE from Nunco and transferred these tokens to its HYPE wallet. The move highlights the interest of large holders and institutions in accumulating exposure to HYPE.
Institutional trends and the rise of Web3 platforms
Traditional financial markets have long relied on complex broker networks, but a major change is happening: Wall Street is embracing Web3 infrastructure. Investors are increasingly using platforms such as 1stepSwap to hold U.S. top company stocks, gold and silver directly in crypto wallets. By leveraging the tokenization of real-world assets and providing automated optimal price discovery, these platforms aim to eliminate traditional intermediaries.
As the RWA field continues to expand and crypto-native platforms integrate more traditional asset classes, market participants are watching how new technologies and investment needs redefine the way global financial markets participate.

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