Hyperliquid sets new record with nearly $320 billion in July trading volume

Perpetual DEX Hyperliquid hit a record-high trading volume of nearly $320 billion in July, marking a 47% increase from June and surpassing its previous peak of $248 billion in May. Hyperliquid’s market share in the perps DEX sector remained steady at over 75%.

The perps trading volume ratio between Hyperliquid and Binance also reached a new high of 11.89%, while Binance recorded $2.59 trillion in perps trading in July — up 35% month-over-month.

Meanwhile, Drift, a Solana-based perps DEX, saw a 336% surge to $14.8 billion in July, boosted by a zero-fee BTC-PERP campaign launched at the end of June.

However, the overall DEX-to-CEX futures trading ratio remained flat in July at 7.77%.