A boiling summer. The hyperliquid trading platform continues to attract cryptocurrency traders. She even recorded a new monthly volume record in July, all exceeding other perpetual term contract platforms decentralized (Perps Dex). According to Defillama data, Hyperliquid processed $ 319 billion in transactions during the month, the highest monthly volume ever recorded in the Perps Dex sector.
The key points of this article:Hyperliquid recorded a historic record in July with $ 319 billion in transactions, surpassing all other PERPS Dex platforms.
The platform captured 35 % of the revenues generated by the blockchains in July, reflecting the extraordinary boom in decentralized finance.
Hyperliquid surpasses its competitors …
Hyperliquid is a trading platform decentralized which allows users of speculate on the price Cryptocurrencies without expiration date. She offers Perpetual term contracts On several digital assets, including Bitcoin, Ethereum and Solana. In July, Hyperliquid dominated the Perps Dex market with a volume of 319 billion dollarsfar ahead of his competitors as EdgeX ($ 21 billion) and Myx Finance ($ 9 billion). The platform captured 35 % of all the income generated by blockchains during the month, according to a Vaneck report:
«Hyperliquid has succeeded in capturing a large part of Solana's momentum, and probably of the Solana market capitalization, because it offers a simple and very functional product»
Vaneck analysts about Hyperliquid – Source: Monthly report
Volume of perpetual term contracts (PERPS) on hyperliquid – Source: Defillama
… Thanks to the rise of decentralized finance on the Dex
This success also reflects the growth of the decentralized finance sector (DEFI), which is attracting more and more traders to decentralized platforms to the detriment of centralized exchanges (CEX). According to Defillthe total volume of Perps Dex has reached a new monthly summit of $ 487 billion in July, an increase in 34 % compared to June.
Hyperliquid also saw his number of users increase, going from 488 000 in June at 604 400 In July, according to Dune data. There platform has thus won in popularity in April 2024 after launching the cash trading With an aggressive quotation strategy and an easy -to -use user interface. Despite a technical breakdown on July 29 which paralyzed the service for about 37 minutes, Hyperliquid was able to react quickly and reimburse its affected users up to $ 2 million. The platform has thus strengthened its reputation with his community. Hyperliquid is therefore established as the undisputed leader of Perps Dex, an expanding segment in the DEFI. With record volumes and a growing user base, the platform seems to be part to continue to ride the wave of decentralized finance.