{"id":47526,"date":"2025-08-07T13:00:40","date_gmt":"2025-08-07T10:00:40","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=47526"},"modified":"2025-08-07T12:59:40","modified_gmt":"2025-08-07T09:59:40","slug":"hyperliquid-hits-all-time-high-trading-volume-in-july","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hyperliquid-hits-all-time-high-trading-volume-in-july\/","title":{"rendered":"Hyperliquid Hits All-Time High Trading Volume in July!"},"content":{"rendered":"<p data-start=\"379\" data-end=\"719\"><a href=\"https:\/\/coinengineer.net\/blog\/how-to-trade-on-the-hyperliquid-network\/\"><strong data-start=\"379\" data-end=\"394\">Hyperliquid<\/strong> <\/a>reached a major milestone in July, recording its highest-ever monthly <strong>trading volume<\/strong>. With approximately <strong data-start=\"500\" data-end=\"516\">$320 billion<\/strong> traded over the course of the month, the platform saw a significant ~47% increase compared to June\u2019s $216 billion. This figure also surpassed its previous record from May \u2014 $248 billion \u2014 by around 28%.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/hyperliquid-hits-all-time-high-trading-volume-in-july\/#Hyperliquid_Maintains_Leadership_in_the_Perpetual_Futures_DEX_Market\" title=\"Hyperliquid Maintains Leadership in the Perpetual Futures DEX Market\">Hyperliquid Maintains Leadership in the Perpetual Futures DEX Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/hyperliquid-hits-all-time-high-trading-volume-in-july\/#Drift_Sees_Notable_Surge_in_Volume\" title=\"Drift Sees Notable Surge in Volume\">Drift Sees Notable Surge in Volume<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/hyperliquid-hits-all-time-high-trading-volume-in-july\/#DEX_vs_CEX_Futures_Volume_Ratio_Remains_Flat\" title=\"DEX vs. CEX Futures Volume Ratio Remains Flat\">DEX vs. CEX Futures Volume Ratio Remains Flat<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"721\" data-end=\"793\"><span class=\"ez-toc-section\" id=\"Hyperliquid_Maintains_Leadership_in_the_Perpetual_Futures_DEX_Market\"><\/span>Hyperliquid Maintains Leadership in the Perpetual Futures DEX Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"795\" data-end=\"1091\">Throughout July, Hyperliquid continued to dominate the <strong data-start=\"850\" data-end=\"879\">perpetual futures (perps)<\/strong> decentralized exchange (<strong data-start=\"904\" data-end=\"911\">DEX<\/strong>) space, consistently holding a market share of over 75%. This solid performance reinforces the platform\u2019s position as a volume leader among on-chain derivatives trading platforms.<\/p>\n<p data-start=\"1093\" data-end=\"1387\">The <strong data-start=\"1097\" data-end=\"1126\">Hyperliquid\/Binance ratio<\/strong> \u2014 which measures the trading volume of perps on Hyperliquid relative to Binance \u2014 reached a new peak of 11.89% in July. For context, Binance reported roughly $2.59 trillion in perps volume during the same period, a 35% increase from the previous month.<\/p>\n<p data-start=\"1093\" data-end=\"1387\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-164624 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/08\/hyperliquid.png\" alt=\"\" width=\"569\" height=\"361\" \/><\/p>\n<h3 data-start=\"1389\" data-end=\"1427\"><span class=\"ez-toc-section\" id=\"Drift_Sees_Notable_Surge_in_Volume\"><\/span>Drift Sees Notable Surge in Volume<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1429\" data-end=\"1818\">Meanwhile, <strong data-start=\"1440\" data-end=\"1449\">Drift<\/strong>, a perps DEX built on the <strong data-start=\"1476\" data-end=\"1497\">Solana blockchain<\/strong>, experienced a remarkable 336% month-over-month increase, reaching $14.8 billion in trading volume during July. This sharp rise can be largely attributed to Drift\u2019s <strong data-start=\"1663\" data-end=\"1684\">zero-fee campaign<\/strong> on its BTC-PERP market, launched at the end of June. The incentive successfully drove higher trading activity in the following weeks.<\/p>\n<h3 data-start=\"1820\" data-end=\"1869\"><span class=\"ez-toc-section\" id=\"DEX_vs_CEX_Futures_Volume_Ratio_Remains_Flat\"><\/span>DEX vs. CEX Futures Volume Ratio Remains Flat<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1871\" data-end=\"2193\">Despite Hyperliquid\u2019s efforts to close the gap with Binance and Drift\u2019s impressive growth, the overall ratio of decentralized to centralized futures trading volumes held steady in July. The <strong data-start=\"2061\" data-end=\"2075\">DEX-to-CEX<\/strong> ratio slightly declined from 7.78% in June to 7.77% in July, signaling a plateau in the broader market shift.<\/p>\n<p data-start=\"1871\" data-end=\"2193\"><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid reached a major milestone in July, recording its highest-ever monthly trading volume. With approximately $320 billion traded over the course of the month, the platform saw a significant ~47% increase compared to June\u2019s $216 billion. This figure also surpassed its previous record from May \u2014 $248 billion \u2014 by around 28%. Hyperliquid Maintains Leadership<\/p>\n","protected":false},"author":29,"featured_media":40103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[22040,22,3113,8905,2993,22039,319,3711],"class_list":["post-47526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-apex","tag-binance","tag-drift","tag-hyperliquid","tag-jupiter","tag-perpetual-futures-perps","tag-solana","tag-trading-volume"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hyperliquid Hits All-Time High Trading Volume in July! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Hyperliquid reached a major milestone in July, recording its highest-ever monthly trading volume. 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