Hyperliquid Sets New Record with $320B in July Volume

Perpetual DEX Hyperliquid hit a record $320B in trading volume in July — a 47% jump from June, beating its May peak of $248B. It maintained over 75% market share in the perps DEX sector.

The perps volume ratio between Hyperliquid and Binance reached a new high of 11.89%, while Binance recorded $2.59T in July (+35% MoM).

Meanwhile, Drift (Solana-based DEX) surged 336% to $14.8B, thanks to a zero-fee BTC-PERP promo. However, the overall DEX-to-CEX futures ratio stayed flat at 7.77%.