Bitget, in partnership with Block Scholes, has unveiled a comprehensive liquidity report regarding RWA perpetual contracts, highlighting a significant evolution in the tokenized stock and commodity markets since 2026. The findings indicate a notable increase in market maturity, with Nvidia (NVDA-USDT) serving as a prime example. By mid-May, the liquidity within Nvidia’s order book, specifically within a ±2% price range, was estimated at approximately $4.1 million. This figure represents about 75% of the depth observed in the Bitget Bitcoin spot market.
The report also sheds light on the markets’ remarkable resilience during periods of heightened volatility. For instance, in February 2026, geopolitical tensions led to a temporary widening of price spreads. However, liquidity in affected markets briskly returned to normal levels within just a few days, signaling robust market dynamics.
Gracy Chen, CEO of Bitget, emphasized a shift in the competitive landscape of the tokenized market. She noted that the focus has transitioned from merely providing access to a more nuanced emphasis on efficiency. In this evolving context, liquidity has emerged as a key metric for evaluating the health and viability of the tokenized market.
