Hyperliquid's July trading volume hits record high, approaching $320 billion

According to Odaily Planet Daily, Hyperliquid achieved an all-time high monthly trading volume in July, reaching nearly $320 billion. This represents a 47% increase from $216 billion in June and a 28% increase from the previous monthly high of $248 billion set in May. Throughout July, Hyperliquid maintained over 75% market share in the perpetual contract DEX sector. Furthermore, the Hyperliquid/Binance ratio, which measures the proportion of Hyperliquid's perpetual futures trading volume to Binance's, also reached a new high of 11.89% in July. For reference, Binance's perpetual futures trading volume in July was approximately $2.59 trillion, a month-on-month increase of approximately 35%. Meanwhile, Drift, the perpetual futures decentralized exchange on the Solana blockchain, saw its trading volume increase by 336% month-on-month to over $14.8 billion in July. (The Block)