Hyperliquid's July trading volume reached a historic high of nearly $320 billion

According to The Block, Hyperliquid set a record for the highest monthly transaction volume in July, approaching $320 billion, an increase of about 47% compared to June's $216 billion, and an increase of about 28% compared to the previous monthly record of $248 billion set in May. Throughout July, Hyperliquid also maintained over 75% market share in the perpetual contract DEX field. In addition, the Hyperliquid/Finance ratio, which measures the ratio of Hyperliquid to Binance perpetual futures trading volume, also reached a new high of 11.89% in July. As a reference, the trading volume of Binance's perpetual futures in July was approximately $2.59 trillion, an increase of about 35% compared to the previous month. On the other hand, Drift, a decentralized exchange for perpetual futures on the Solana blockchain, saw a 336% month on month increase in trading volume in July, exceeding $14.8 billion.