Decentralized fairs (DEX) reached $ 1 trillion in monthly trade volume for the first time in July.
According to Defillama factsThe spot shop volume grew by 29.4% and reached nearly $ 514 billion last month, only on the highest point of January of $ 568 billion.
At the same time, the monthly volume of the continuous futures increased by 33.6% to register a new highest point of $ 487 billion, with Hyperliquid registering a new record in monthly eternal trade.
BNB Dominance on site
BNB chain dominated spot trade volumes dominated for the third consecutive month. The volumes of the chain grew by 15.3% and amounted to $ 196.3 billion in July, which 38.2% represents the monthly total.
Pancakeswap was the most important engine behind the growth, which was $ 188.2 billion in spothandel volume. The BNB-Native Exchange volume is larger than the other four Top Dexs combined, which is around $ 168 billion.
Uniswap registered the second largest spot volume under Dexs in July, with $ 96.4 billion. In the meantime, Solana -based decentralized fairs have packed the top five.
Raydium, Meteora and ORCA registered $ 31.8 billion, $ 20 billion and $ 19.5 billion respectively. The five largest block chains per volume remained the same between June and July, with only one small change.
Second place
Ethereum registered the second largest monthly volume at almost $ 86 billion and grew 49.3% from June, while SSOlana slid from the second to third place in monthly spot handle volume despite growing 36.6% to reach $ 85.1 billion.
Base and Arbitrum have maintained their posts from June as the fourth and fifth largest block chains per spot-trading volume respectively.
The volume of BASE rose by 46.8% and reached $ 41.6 billion, the first time that the Layer-2 blockchain has surpassed $ 40 billion since January. At the same time, Arbitrum was the only chain in the top five with a growth of one digit and reached $ 19.2 billion in volume after jumping 7.4%.
Hyperliquid’s pervanuals rule
Hyperliquid became the first blockchain to exceed the $ 300 billion threshold in perpetual volume, up to $ 323.4 billion in July after a growth of 48.3%.
The volume exceeds the $ 48.7 billion of Ethereum with a large margin, which last month contained the place of the second largest chain in eternal trading volume. Despite the difference, Ethereum has grown by almost 56% since June.
The difference is even greater when decentralized exchanges for the volumes of Perpetual are considered. Hyperliquid reached $ 313.4 billion, dominated 64.3% of the market and placed the volume of Jupiter of $ 19.4 billion 16 times.
Solana, BNB chain and arbitrum wrap the top five of eternal with $ 37.2 billion, $ 21.6 billion and $ 19 billion in volumes respectively.
