Hyperliquid Leads July Perpetual DEX Market with $218B Trading Volume

CryptoRank, a market data and analytics platform for the cryptocurrency industry, is pleased to highlight the considerable growth of the Hyperliquid decentralized exchange in the month of July. Hyperliquid decentralized exchange hit a volume of $218B despite an overall decline in DEX trading volume. Overall, the combined growth of other DEXs is in a negative trend in the month of July 2026.

CryptoRank displays these eight DEXs in a systematic way regarding their growth in terms of trading volume. Here is a list of eight DEXs such as Hyperliquid, Aster, Lighter, GRVT, Variational, Pacifica, EVEDEX, and Extended. These DEXs are showing their growth in the month of July. Wu Blockchain has shared this news through its official social media X account.

Hyperliquid Outpaces Aster, Lighter, and GRVT in July Trading Volume

Hyperliquid is leading in the list with a margin of 174.4B from its nearest DEX, Aster. Hyperliquid gets the figure of $218B in trading volume in the month of July. Aster remains runner-up in this race with $43.6B in holding trading volume over the last month of July. After this, the difference between other DEXs gradually becomes shorter and shorter.

Furthermore, Lighter comes in this list at 3rd position with a holding trading volume of $36.4B over the previous month, July. Lighter holds a trading volume of $36.4B, with a difference of $7.2B from its nearest up-liner, Aster. Then comes GRVT at the 4th position with trading volume of $43.4B. These values show the interest of users toward these DEXs among other DEXs. Hyperliquid wins this competition over other leading DEXs.

Hyperliquid Strengthens Its Grip on the Decentralized Derivatives Market

Hyperliquid exceeds the combined value of $189 billion recorded by the other seven leading perpetual DEXs. Volume across the top eight platforms is down by almost $85 billion month over month, but the trading activity remained focused on Hyperliquid. Variational DEX appears with a trading volume of $23.7B over the month of July.

Overall, the volume graph remains in a downward direction; however, Hyperliquid trading volume shows upward growth. Pacifica stands at the 7th position in the given list of DEXs for July. Pacifica shows growth of $22.2B, and EVEDEX shows $14.4B in holding trading volume for July. Last but not least, Extended comes at the end of this list with a trading volume of $13.5B in the month of July.