According to Jinse Finance, in July, Hyperliquid's global trading volume reached a record high of nearly $320 billion, a rise of about 47% compared to $216 billion in June, and an increase of approximately 28% compared to the historical monthly record of $248 billion set in May. Throughout July, Hyperliquid maintained over 75% market share in the Perptual Futures DEX sector.
Additionally, the Hyperliquid/Binance ratio (which measures the volume of perptual futures traded on Hyperliquid relative to the volume on Binance) reached a new high of 11.89% in July. For reference, Binance's perptual futures trading volume in July was approximately $2.59 trillion, with a month-on-month rise of about 35%. On the other hand, the volume of the decentralized exchange Drift for Perptual Futures on the Solana blockchain rose by 336%, with July's volume exceeding $14.8 billion.
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According to Jinse Finance, in July, Hyperliquid's global trading volume reached a record high of nearly $320 billion, a rise of about 47% compared to $216 billion in June, and an increase of approximately 28% compared to the historical monthly record of $248 billion set in May. Throughout July, Hyperliquid maintained over 75% market share in the Perptual Futures DEX sector.
Additionally, the Hyperliquid/Binance ratio (which measures the volume of perptual futures traded on Hyperliquid relative to the volume on Binance) reached a new high of 11.89% in July. For reference, Binance's perptual futures trading volume in July was approximately $2.59 trillion, with a month-on-month rise of about 35%.
On the other hand, the volume of the decentralized exchange Drift for Perptual Futures on the Solana blockchain rose by 336%, with July's volume exceeding $14.8 billion.