The post DEX trading volume tops $1T for the first time in July, Hyperliquid leads record perp surge appeared on BitcoinEthereumNews.com.

Decentralized exchanges (DEX) reached $1 trillion in monthly trading volume for the first time in July. According to DefiLlama data, spot trading volume grew 29.4% and reached nearly $514 billion last month, bested only by January’s all-time high of $568 billion. At the same time, perpetual futures’ monthly volume increased 33.6% to register a new all-time high of $487 billion, with Hyperliquid registering a new record in monthly perpetual trading. BNB dominance on spot For the third consecutive month, BNB Chain dominated spot trading volumes. The chain’s volumes grew 15.3% and totaled $196.3 billion in July, representing 38.2% the monthly total. PancakeSwap was the main driver behind growth, which amounted to $188.2 billion in spot trading volume. The BNB-native exchange volume is larger than the other four top DEXs combined, which is approximately $168 billion. Uniswap registered the second-largest spot volume among DEXs in July, with $96.4 billion. Meanwhile, Solana-based decentralized exchanges wrapped up the top five. Raydium, Meteora, and Orca registered $31.8 billion, $20 billion, and $19.5 billion, respectively. The five largest blockchains by volume remained the same between June and July, with just one slight change. Runner-ups Ethereum registered the second-largest monthly volume at nearly $86 billion, growing 49.3% from June, while Solana slid from second to third place in monthly spot trading volume despite growing 36.6% to reach $85.1 billion.  Base and Arbitrum maintained their posts from June as the fourth- and fifth-largest blockchains by spot trading volume, respectively.  Base’s volume increased by 46.8% and reached $41.6 billion, the first time the layer-2 blockchain surpassed $40 billion since January. At the same time, Arbitrum was the only chain in the top five with one-digit growth, reaching $19.2 billion in volume after jumping 7.4%. Hyperliquid’s perpetuals reign Hyperliquid became the first blockchain to surpass the $300 billion threshold in…

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Filed under: News - @ August 1, 2025 9:29 pm