Decentralized trading volume rose to a new monthly high in July’s new moon high, marking a record for permanent futures exchanges of decentralized finance (DEFI) as more traders flock to decentralized trading platforms.
Hyperliquid trading volume reached $319 billion in July, marking a new monthly record for all Defi Perpetual Futures Exchanges, according to Used for Defilama data.
Hyperliquid’s new all-time highs all indicate a growing number of traders are flocking to Dispersed communicationThis started to fall into its centralized cryptocurrency exchange (CEXS) market share.
Super Mobile Awards won 35% Capturing huge value at the expense of Solana, Ethereum and BNB chains of all blockchain revenue in July, Vaneck researchers explain In the monthly crypto summary report.
“Hyperliquid was able to capture much of Solana’s momentum, probably the market value of Solana, because it offers a simple functional product,” said Vaneck Digital Assets Research, Matthew Sigel’s head Matthew Sigel director Patrick Bush and Nathan Frankovitz.
Milestones are despite Suffering The power outage left traders staying for about 37 minutes on July 29. The derivatives platform repaid $2 million to affected users and was praised by the community for its quick response.
Crypto-permanent futures allow traders to speculate on the price of cryptocurrencies without an expiration date.
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defi perps close to record $500 billion
Hyperliquid’s rapid growth pushes collective trading volume on the Defi Perpetual exchange in July to a new monthly high of $487 million, marking a record of $364 billion in June, with Defilama increasing percentage data show.
Edgex is the second largest platform with monthly trading volume of $21 billion, followed by Myx Finance, with over $9 billion in July.
Related: Crypto funds see $223 million outflows, ending a 15-week streak as Fed’s wet sentiment
As the seventh largest derivative exchange in the world’s daily number, Super Liquid has over 604,400 users, up from 488,000 users two months ago (June 6) dune Data display.
Hyplliquid gained popularity in April 2024 after launching an aggressive go-to-market strategy and an easy-to-launch user interface.
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