Martin Lee, Markets Insight Lead at DWF Labs, states that real-world asset (RWA) perpetuals (perps) are poised to outpace tokenization, citing their rapid growth and market advantages. He notes that RWA perps volume reached $347 billion in May, a 1,472x increase from early 2025, with daily open interest on decentralized exchanges (DEXs) hitting $4.5 billion in July. Lee attributes this trend to perps offering 24/7 trading and a simpler structure compared to traditional finance alternatives, alongside the faster experimentation possible with perps compared to tokenized assets.