Hyperliquid Reports Record Revenue of Over $86 Million in July

In addition to its record revenue, Hyperliquid set an all-time monthly trading volume record nearing $320 billion in July, dominating the perpetual futures DEX space and achieving a new Hyperliquid/Binance ratio high.

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Summary

Hyperliquid not only reported a record revenue of $86,608,345 in July, but also achieved an all-time monthly trading volume of nearly $320 billion—a 47% increase from June and a 28% increase from May. The platform maintained over 75% market share in the perpetual futures DEX space, and its Hyperliquid/Binance ratio reached 11.89% amid Binance’s $2.59 trillion trading volume, while Drift on Solana surged 336% to over $14.8 billion.

Terms & Concepts
  • Perpetual Futures DEX: A decentralized exchange offering perpetual futures contracts, allowing continuous trading without an expiry date.
  • Hyperliquid/Binance Ratio: A metric that compares Hyperliquid's perpetual futures trading volume to that of Binance to gauge relative market activity.
  • Annualized Revenue: A projection of revenue over a full year based on current income data.