📊 DEX Volume Hits $1 Trillion in July – Led by Hyperliquid & BNB Chain

For the first time ever, decentralized exchanges (DEXs) recorded over $1 trillion in monthly trading volume in July.

Spot Trading Highlights:

🔹 Total spot volume: $514B (+29.4%)

🔹 $BNB Chain led with $196.3B (38.2% of total), driven mainly by PancakeSwap.

🔹 Uniswap followed with $96.4B

🔹 Solana DEXs (Raydium, Meteora, Orca) rounded out the top 5.

Perpetuals Boom:

🔹 Total perp volume: $487B (+33.6%)

🔹 Hyperliquid broke records with $323.4B, dominating 64.3% of the perp DEX market.

🔹 #Ethereum trailed with $48.7B, followed by Solana, BNB Chain and Arbitrum.

📈 The rise of Layer-2s like Base and Arbitrum also continued, with Base crossing $40B in monthly spot volume for the first time since January.