Demand for RWA Begins to Displace Altcoins on Crypto Exchanges — CryptoQuant

CryptoQuant founder Ki Young Ju posted data showing that trading volumes in perpetual USDT contracts on Binance are shifting away from altcoins and toward RWA-linked assets.

According to the analyst, this signals weakening trader interest in the smaller altcoin segment, which for a long time remained the primary zone of speculative demand in the crypto market.

The Altcoin Market Is No Longer Unified

Ju explained that he intentionally excluded the ten largest crypto assets from the analysis. According to him, ETH, SOL, and BNB have evolved into a separate segment over the past few years, with deep liquidity, mature infrastructure, and a different market structure, making it inaccurate to analyze them alongside the rest of the altcoin market.

He also noted that the term altcoins itself is gradually losing relevance as a universal category. In his view, large crypto assets and the broader market of smaller tokens now effectively exist as separate segments.

Under Ju’s post, one user questioned this approach, pointing out that excluding the largest assets distorts the overall market picture and is comparable to analyzing the metals sector without taking gold and silver into account.

In response, Ju said the purpose of the research was not to compare the crypto market’s absolute trading volumes, but to evaluate demand specifically within the small- and mid-cap altcoin segment. In his view, this part of the market is now ceding ground to new RWA-linked instruments.

Read Also:

• CryptoQuant: Altcoin Sell Pressure Hits a Five-Year High
• The Rise and Fall of NFT Ecosystems and the Shift Toward Real-World Asset Utility
• Tokenized Private Credit Surpasses Stablecoins in DeFi Share, Analysts Say

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