$363B in RWA perp volume across three months. Pyth powered $173B in April, $110B in May and another $80B in June to date. The $HBAR and $NEAR crowd should look at what those numbers say about the infrastructure layer behind real-world markets. This is not a perfectly straight growth chart, and that is not the important part. The signal is that Pyth-powered RWA perps have continued processing tens of billions in monthly volume as exchanges expand beyond crypto into equities, commodities and indices. Each new asset class introduces a harder data problem. Different trading hours. Different licensing. Different liquidity sources. Different risks when the reference price fails. Pyth addresses that through data sourced directly from exchanges, market makers and trading firms, with cross-asset coverage available through one growing stack. Pyth Indices extends the same direction into continuous pricing for markets that want to keep trading after traditional venues close. The visible RWA narrative is the asset. The deeper infrastructure story is the data handling $363B in trading activity around it. Explore the markets and pricing infrastructure Pyth is building: https://pyth.network/indices #Altcoin Season# #RWA