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The volume of trading on the decentralized hyperliquid exchanges in July rose sharply to the new monthly maximum, which meant a record for decentralized finance (defi) permanent futures, because more merchants came to them.
Hyperliquid reached $ 319 billion in July on the volume of trading, which meant a new monthly record high in all defictual futures exchanges, according to Defillama data.
Hyperliquid recording is a sign of multiple traders using decentralized exchangeswhich are beginning to limit themselves to the market share of centralized cryptocurrency exchanges (CEXS).
Hyperliquide earned 35% Of all the income from the blockchain in July, capturing significant value at the expense of Solany, Ethereum and BNB chain, researchers said In the report on the monthly crypto recapitulation.
“Hyperliquid has been able to capture a large part of Solan’s momentum and probably Solan’s market capitalization because it offers a simple, highly functional product,” said Vaneckk, Matthew Sigel and Patrick Bush and Nathan Franvitz.
The landmark comes in spite of Hyperliquide The outage that saw merchants to break down on July 29 for about 37 minutes. The derivative platform has paid a total of $ 2 million, with community praise for a quick response.
Cryptically permanent futures enable traders to speculate on cryptocurrency prices without expiry date.
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DefEP Perps nearly $ 500 billion record volume in the middle of hyperliquid growth
Rapid hyperliquide growth pushed the volume of collective Defi trading to a new monthly maximum of $ 487 billion in July, which meant a 34% increase from $ 364 billion recorded in June, defillama data showed.
Edgex was the second largest platform with a monthly trading of $ 21 billion, followed by myx money with more than $ 9 billion per month July.
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As the seventh largest derivative exchange in the world according to daily volume, hyperliquide boasts over 604,400 users, which is compared to 488,000 recorded two months ago, 6 June, 6 June. Dune The data shows.
Hyperliquid gained popularity in April 2024 after starting spot trading with an aggressive statement strategy and an easy -to -navigable user interface.
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