Hyperliquid maintains dominance among perpetual DEXs
Hyperliquid generated $218 billion in trading volume in July, while the other exchanges together generated about $189 billion.
The combined volume of the eight largest perpetual DEXs fell by $85 billion (or 17%) compared to the previous month.
The decline affected the market as a whole, but did not change its structure: liquidity remains strongly concentrated on Hyperliquid, while its closest competitors continue to form a distinct second tier.
$HYPE
Hyperliquid generated $218 billion in trading volume in July, while the other exchanges together generated about $189 billion.
The combined volume of the eight largest perpetual DEXs fell by $85 billion (or 17%) compared to the previous month.
The decline affected the market as a whole, but did not change its structure: liquidity remains strongly concentrated on Hyperliquid, while its closest competitors continue to form a distinct second tier.
$HYPE