Hyperliquid's trading volume in July reached nearly $320 billion, setting a new historical high.

The decentralized perpetual contract exchange Hyperliquid set a historical high in July with a trading volume close to $320 billion, a month-on-month increase of 47%, surpassing the previous record of $248 billion set in May this year. Hyperliquid's market share in the perpetual contract DEX market has remained consistently stable at over 75%.

The trading volume of perpetual contracts between Hyperliquid and Binance also reached a new high, accounting for 11.89%. During the same period, Binance's total perpetual contract trading volume in July was $2.59 trillion, a month-on-month increase of 35%.

Meanwhile, the perpetual DEX under the Solana ecosystem—Drift, benefited from the zero-fee BTC-PERP promotion launched at the end of June, with trading volume soaring 336% in July to $14.8 billion.

However, the overall proportion of futures trading between DEX and CEX remained stable in July, at about 7.77%.

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