Hyperliquid Maintains Dominance Among Perp DEXs
@HyperliquidX generated $218B in trading volume in July, while other exchanges generated nearly $189B together.
The combined volume of the top eight Perp DEXs fell by $85B, or 17%, compared with the previous month.
The decline affected the broader market but did not change its structure: liquidity remains heavily concentrated on @HyperliquidX , while its closest competitors continue to form a separate second tier.
- by Cryptorank
$HYPE
$ASTER
$GRVT
@HyperliquidX generated $218B in trading volume in July, while other exchanges generated nearly $189B together.
The combined volume of the top eight Perp DEXs fell by $85B, or 17%, compared with the previous month.
The decline affected the broader market but did not change its structure: liquidity remains heavily concentrated on @HyperliquidX , while its closest competitors continue to form a separate second tier.
- by Cryptorank
$HYPE
$ASTER
$GRVT