Hyperliquid’s decentralized exchange rate climbed to a new monthly all-time high in July, marked a record for decentralized financial (DEFI) that continued to exchange futures as more businessmen flock them.
Hyperliquid hit $ 319 billion of trading volume in July, marking a new monthly record high in all Defi Perpetual Futures Exchange, According to in defillama data.
Hyperliquid’s note is a sign of more entrepreneurs used Decentralized exchangewhich begins to cute in the part of the cryptocurrency (CEX) centralized exchange market.
Hyperliquid got 35% With all blockchain revenue in July, it gets significant amounts at the cost of Solana, Ethereum and BNB chain, Vaneck Researchers Says In a monthly crypto recap report.
“Hyperliquid got most of Solana’s momentum, and Solana’s probably capitalization of the market, because it offers a simple, highly functional product,” head of Vaneck’s Digital Assets Research, Matthew Sigel, and fellow analyst Patrick Bush and Nathan Frankovitz, the report said.
Milestone came across Hyperliquid who suffers an The flow that saw entrepreneurs stopped for about 37 minutes on July 29. The derivatives platform gave the affected users a total of $ 2 million, receiving community praise for quick response.
Crypto Perpetual Futures gives entrepreneurs to think about cryptocurrency prices without expiry dates.
Related: Crypto Treasury leads $ 100B for Ethereum’s 10th anniversary: Finance re -defined
Defi Perps near $ 500 billion volume of record in the middle of the growth of hyperliquid
Hyperliquid’s rapid growth led to the collective volume of the DeFI Perpetual exchange to a new monthly high $ 487 billion in July, marking a 34% increase from $ 364 billion recorded in June, Defillama Data shown.
Edgex is the second largest platform with a $ 21 billion monthly trading volume, followed by MYX Finance with over $ 9 billion volume for the month of July.
Related: Crypto funds View $ 223M outflow, ending a 15-week streak as Fed Dampen sentiment
As the seventh-largest derivatives of the world by daily volume, Hyperliquid boasts more than 604,400 total users, from 488,000 recorded two months ago, on June 6, Dune Data displays.
Hyperliquid gained popularity in April 2024 after launching the trading area with an aggressive listing of the list and easy-navigate interface of the user.
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