According to CoinMeta, the trading volume of the hip-3 perpetual contracts of hyperliquid once approached 50% this summer, a significant increase from around 2% at the beginning of the year. Meanwhile, the total trading volume of RWA perpetual contracts in the market also rose from $85 billion in January to approximately $470 billion in June. Haseeb Qureshi, a managing partner of Dragonfly Capital, stated that the growth of tokenized assets such as stocks and bonds reflects the maturation of the crypto industry. Institutions will ultimately likely need professional blockchain networks that provide independent compliance and operational guarantees, and the industry will not be dominated by a single public chain.