Hyperliquid tops $319B July volume, a record for any DeFi perp DEX

Key Points

1. Hyperliquid's July trading volume reached $319 billion, setting a new monthly all-time high for DeFi perpetual futures exchanges.

2. Hyperliquid captured 35% of all blockchain revenue in July, outperforming Solana, Ethereum, and BNB Chain.

3. VanEck researchers attributed Hyperliquid's success to its simple and highly functional product, which attracted traders.

4. The collective monthly trading volume of DeFi perpetual exchanges hit $487 billion in July, a 34% increase from June.

5. Hyperliquid is the world’s seventh-largest derivatives exchange by daily volume, with over 604,400 total users as of July.