CryptoRank data shows the decentralized perpetual futures venue outpaced the other seven leading perpetual DEXs, which together recorded $189 billion in July trading volume.
Hyperliquid recorded $218 billion in July perpetual trading volume, surpassing the combined $189 billion posted by the other seven leading perpetual DEXs, according to CryptoRank data. The figures underscore Hyperliquid’s dominance in decentralized perpetual futures (crypto derivatives without expiry), a market segment where trading activity often concentrates on venues with deeper liquidity and strong trader retention. The comparison also highlights how far ahead the platform ran versus peers in July, with Aster mentioned alongside the ranking data.