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#Hyperliquid Drives Record $487B #DeFi Trading Surge in July
#Hyperliquid processed $319 billion in trades during July, setting a new monthly record for DeFi perpetual futures platforms.
The platform earned 35% of all blockchain revenue during the month, capturing significant market share from 
$SOL and 
$ETH.
DeFi perpetual exchanges collectively reached $487 billion in monthly volume, marking a 34% increase from June's $364 billion.
Hyperliquid now ranks as the world's seventh-largest derivatives exchange by daily trading volume, with over 604,400 registered users.
The platform's success comes despite a 37-minute outage on July 29, for which it reimbursed affected users $2 million.
#EdgeX ranked second with $21 billion in monthly volume, followed by MYX Finance with over $9 billion.
The growth demonstrates decentralized exchanges gaining traction against centralized competitors in the derivatives market.
Hyperliquid gained popularity after launching spot trading in April 2024 with an aggressive listing strategy.
The platform offers crypto perpetual futures that enable traders to speculate on prices without expiration dates.
