Hyperliquid, a decentralized exchange (DEX), experienced a monumental July, achieving an all-time high trading volume of $320 billion, according to data from The Block. This impressive performance solidified Hyperliquid's dominance in the perpetual futures DEX market, maintaining a market share exceeding 75% throughout the month. The surge in activity indicates growing interest in decentralized perpetual futures trading. The platform's success can be attributed to its features, competitive fees, and growing community. Hyperliquid wasn't the only DEX experiencing growth. Solana-based perpetual DEX Drift also reported significant gains. Drift's July trading volume surpassed $14.8 billion, representing a substantial 336% increase compared to the previous month. This highlights the overall expansion of the decentralized derivatives space and the increasing adoption of Solana-based DeFi platforms. ```