Ostium
TradingActive

Ostium

Perpetuals for FX, commodities, and equities onchain. Early to a vertical that could dwarf crypto perps once real-world asset liquidity deepens.

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Brief

Leading RWA perpetuals protocol by open interest. ~$6B monthly trading volume, $213M+ open interest (April 2026), ~97% of which is in non-crypto RWA pairs (commodities, FX, equity indices, single stocks). Gold alone has $71M+ open interest. Synthetic exposure to traditional markets without custody/settlement friction. $24M raised ($20M Series A from General Catalyst + Jump Crypto, plus $4M strategic).

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Snapshot

Key terms and identifiers.

Asset classes
Commodities, Equities, Treasuries
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Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.

Tension

Direct competition or overlapping market position.