Trading volume on decentralized exchange Hyperliquid surged to a new monthly all-time high in July, marking a record for decentralized finance (DeFi) perpetual futures exchanges as more traders flocked to them.
Hyperliquid hit $319 billion of trading volume during July, marking a new monthly record high across all DeFi perpetual futures exchanges, according to DefiLlama data.
Hyperliquid’s record is a sign of more traders using decentralized exchanges, which are starting to cut into the market share of centralized cryptocurrency exchanges (CEXs).
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