This DEX platform is crushing its rivals: it grew 47% in one month

This DeFi protocol consolidated its leadership in the perpetual futures DEX market with 47% monthly volume growth during July, reaching a market share of over 75%.

A decentralized platform specializing in perpetual futures is capturing the attention of the DeFi ecosystem after recording a monthly growth of 47% in July 2025, reaching a record volume of $320.000 billion. Its performance not only exceeds its own historical highs, but also begins to compete with centralized actors in terms of relative share in the derivatives market.

Is Hyperliquid, a protocol that has cemented its leadership in the perpetual futures DEX segment thanks to a robust technical infrastructure, zero-gas trading, and an optimized user experience.

Experts agree that the evolution and development of this protocol is redefining the standards of efficiency and scalability in the decentralized finance ecosystem.

Hyperliquid dominates perpetual futures in DeFi

Perpetual futures have become one of the most popular instruments in crypto trading, allowing users to speculate on the price of assets with no expiration date. Hyperliquid, built on its own blockchain HyperEVM, specializes in these types of contracts and has optimized its infrastructure to offer zero-gas trading, on-chain pairing, and a streamlined interface.

During July, Hyperliquid maintained a market share of more than 75% in the perpetual futures DEX segment. This consolidation not only reflects their technical capabilities but also a growing preference for decentralized solutions that don't sacrifice speed or liquidity.

A historic volume that rivals industry giants

Hyperliquid's growth has expanded beyond the DeFi ecosystem. Its perpetual futures volume in July accounted for 11.89% of Binance's volume, which reached $2,59 trillion in the same month. While Binance continues to lead this sector in terms of total volume, the proportion achieved by Hyperliquid marks a milestone in the competition between DEXs and CEXs, even more so considering that this DEX protocol has only been operating on the market for two years. 

This figure is particularly significant considering that the DEX/CEX futures volume ratio remained stable at around 7,77% during July. That is, although the overall market is not showing a massive migration toward decentralized protocols and services, Hyperliquid is indeed capturing a significant portion of institutional and retail interest..

The real impact of Hyperliquid on the DeFi ecosystem

Hyperliquid remains the undisputed leader in the DEX world, but it's not alone in its growth. For example, Drift, a Solana-based decentralized exchange platform, saw a remarkable increase of over 300% in monthly trading volume, reaching $14.800 billion in July. This explosive growth is largely due to its strategy of eliminating trading fees in key markets like BTC-PERP, which has attracted a significant wave of enthusiastic new users.

However, despite these advances and the impressive growth recorded in the last month, the truth is that the volume handled by Drift remains a small fraction compared to that of Hyperliquid. Other competitors of the protocol, such as Jupiter, ApeX, and Orderly Network, are also in the game, but none have yet managed to come close enough to challenge Hyperliquid's current dominance in the perpetual futures market. 

On the other hand, Hyperliquid's impact on the DeFi ecosystem goes far beyond just numbers. Its proposal Liquidity-as-a-Service and architectures that eliminate traditional intermediaries like bridges and sequencers are game-changers. This demonstrates that DEXs can offer an experience as efficient and competitive as centralized exchanges (CEXs). This evolution not only improves the user experience but also reinforces key values like transparency and financial sovereignty, essential elements for the future of the blockchain ecosystem.

As if that were not enough, the Total Value Locked (TVL) on the platform reached 585 million, thus consolidating its position as a fundamental piece in the infrastructure of derivatives trading on blockchain.

What's next for Hyperliquid and futures DEXs?

In addition to setting a new record for monthly trading volume, Hyperliquid also faced a challenging time in July when an unexpected overload on its system caused a brief technical outage. However, what could have been a blow to its reputation became an example of its commitment to the community. The company acted swiftly, not only resolving the issue in a short time, but also communicating transparently with its users and offering refunds to those who were affectedThis quick and honest response strengthened the trust of its followers and demonstrated that Hyperliquid deeply values its relationship with its user base.

Looking ahead, Hyperliquid faces a significant challenge. While centralized exchange (CEX) dominance persists in terms of total trading volume, the platform has the opportunity to excel if it continues to advance in key areas such as execution speed, cost reduction, and improved user experience. Continued innovation in these areas could make Hyperliquid the undisputed leader in the decentralized derivatives market.

The real challenge for Hyperliquid will be to maintain this momentum, balancing sustainable growth with quality of service. Its future success will depend not only on overcoming technical obstacles, but also on continuing to build a strong, engaging, and reliable ecosystem. If the developers manage to maintain this blend of advanced technology and attentive customer service, the platform is likely to further cement itself as a benchmark in the perpetual futures sector.