For the week of July 13-19, real-world assets generated $25.1 billion in trading volume on Hyperliquid, surpassing crypto for the first time. ARK Invest's Lorenzo Valente noted Hyperliquid's RWA volume alone exceeded the combined crypto perp volume of every other DEX on earth, driven by Trade[XYZ]'s tokenized equity gateway. Circle CEO Jeremy Allaire called it a serious structural shift.

Phantom Wallet supported Monad from its mainnet launch day in November 2025, giving the high-performance EVM chain instant access to 22 million crypto-native users. That distribution advantage is exactly what separates surviving L1 launches from the ones that fade quietly.

Robinhood Chain crossed $700 million in onchain assets and 10 million daily transactions in its first three weeks, surpassing Base in daily active wallets. But the tokenized stocks it was built for account for just a fraction of activity , memecoins are doing the work, with CASHCAT and STONKBROKER leading DEX volume. The TVL concentration risk and the memecoin paradox raise real questions about what kind of chain this actually is.

World Foundation raised $52.5 million in a locked WLD token sale led by Pantera Capital on July 24, 2026, to expand its iris-scanning Orb network. The Sam Altman-backed project is repositioning as essential infrastructure for proving human identity online as AI deepfakes proliferate, with new integrations at Zoom and Docusign signaling a serious enterprise pivot.