In July, Hyperliquid recorded a new monthly high in perpetual futures trading volume, reaching $319.4 billion. According to DeFi Llama, this marks a 47% increase from June and a 28% rise from the previous peak of $248 billion in May.
The Solana-based DEX maintains its leading position in the decentralized futures segment, with a market share exceeding 75%.
The trading volume ratio of Hyperliquid to Binance reached a new high of 11.89%. For comparison, in July, the largest cryptocurrency platform processed futures transactions worth approximately $2.59 trillion, a 35% increase from the previous month, according to The Block.
Utilizing its proprietary HyperBFT consensus mechanism and on-chain order book, Hyperliquid attracts traders with zero gas fees, instant trade execution, and leverage up to 50x.
Back in April, the DEX ranked 12th among derivatives trading exchanges. According to CoinGecko, Hyperliquid now holds the seventh position, with an open interest of $10.6 billion.
Other Hyperliquid Records
In July, Hyperliquid’s net income reached a record $86.1 million, with total fees amounting to $93 million. The previous high was recorded in May, when the exchange’s income was $65.51 million and user-paid fees were $70.45 million.
Meanwhile, Hyperliquid’s TVL is estimated at $597.39 million, 15% below the February peak of $690 million.
Last month, the platform’s native token, HYPE, also reached a new ATH of $49.75. At the time of writing, the price has decreased by 22% to $38.62, according to CoinGecko.
On July 30, Hyperliquid experienced a brief API outage. On August 4, the exchange compensated affected clients with a total of approximately $2 million.