Summary
- It was reported that Hyperliquid's July trading volume hit an all-time high of around $319 billion.
- Cointelegraph stated that it was the highest among DeFi futures exchanges and indicated that this signals a growing market share for DEXs.
- It was also reported that the total trading volume in DeFi futures exchanges for July increased by 34% compared to the previous month.
The monthly trading volume of the decentralized exchange (DEX) Hyperliquid reached an all-time high last month.
Cointelegraph reported on the 7th (local time), citing data from DeFiLlama, that Hyperliquid's July trading volume was estimated at approximately $319 billion. This is the highest monthly trading volume ever recorded. Cointelegraph noted, "It is the highest among all DeFi futures trading platforms," and stated that "the growing number of users turning to decentralized exchanges signals that the market share of centralized exchanges (DEX) is beginning to be eroded."
The total trading volume of decentralized exchanges is also on the rise. According to DeFiLlama, the total trading volume on DeFi futures platforms last month was $487 billion, representing an increase of about 34% compared to the previous month ($364 billion).
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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