Hypliquid的媽媽成長：主導永久未來的DEX位置

Hyperliquid的傑出表現表現出在分散的永久性期貨市場中的優勢，這是由Altcoin Purges和戰略性鯨魚活動所推動的。

Hyperliquid's MoM Growth: Dominating the DEX Position in Perpetual Futures

Hypliquid的媽媽成長：主導永久未來的DEX位置

Hyperliquid absolutely crushed it in July, solidifying its spot as a top dog in the decentralized perpetual futures game. Trading volumes jumped 47% month-over-month, hitting a record $320 billion. This performance underscores the growing appetite for on-chain derivatives and highlights Hyperliquid's leading role in the space.

Hyproliquid絕對在7月份粉碎了它，在分散的永久期貨遊戲中鞏固了自己作為頂級狗的位置。交易量增加了47％的月份，達到創紀錄的3200億美元。這種性能強調了對鏈衍生物的需求不斷增長，並突出了超流動性在該領域的領先作用。

Record-Breaking July: A Deep Dive

破紀錄的七月：深度潛水

July was a scorcher for Hyperliquid, marking its most active month ever with cumulative volumes soaring to $320 billion. This impressive surge was fueled by strong demand for ETH perpetual contracts and a flurry of activity in altcoin derivatives. The platform saw consistent trading volume throughout the month, boasting zero idle days and impressive depth across various trading pairs.

七月是超級流動性的焦糖，標誌著其有史以來最活躍的月份，累計量飆升至3200億美元。這種令人印象深刻的激增是由於對ETH永久合同的強勁需求和Altcoin衍生品的一系列活動所促進的。該平台在整個月的交易量保持穩定，在各種交易對中都具有零閒置的天數和令人印象深刻的深度。

Altcoin Mania and Whale Watching

山幣躁狂症和鯨魚觀看

High-net-worth traders amplified the momentum in July, with whales making significant moves. Open interest on the platform surged above $15 billion for the first time, driven primarily by a near doubling of Ethereum perpetual exposure. Altcoins like Solana and Avalanche also contributed significantly, reflecting traders' hunger for leveraged products beyond the usual suspects.

高淨值交易者在7月份擴大了勢頭，鯨魚採取了重大行動。該平台上的開放興趣首次飆升至150億美元以上，這主要是由於以太坊永久曝光幾乎增加了一倍。 Solana和Avalanche等山莊也做出了巨大貢獻，這反映了交易者對通常嫌疑犯以外的槓桿產品的渴望。

Market Share and the Competitive Edge

市場份額和競爭優勢

Hyperliquid maintained its position as the leading decentralized perpetual futures exchange, capturing a substantial 11.9% of Binance's total perpetual volume. This puts it ahead of rivals like dYdX and GMX, thanks to its on-chain matching engine and zero gas fee architecture. Traders rave about the transparent execution and minimal slippage, making Hyperliquid a compelling alternative to centralized exchanges.

Hyperliquid保持其作為領先的分散永久性期貨交易所的地位，佔Binance總數的11.9％的地位。由於其鏈匹配引擎和零汽油費架構，這將其領先於DyDX和GMX等競爭對手。交易者對透明的執行和最小的滑倒狂歡，使超流動成為集中交易的令人信服的替代方案。

Fees, Tokens, and TVL, Oh My!

費用，令牌和TVL，哦，我的！

The robust trading volumes translated into serious cash, with daily fee generation peaking above $4 million and never dipping below $2 million in July. The total value locked in collateral reached a hefty $597 million, indicating strong liquidity support. However, the HYPE token saw some volatility, trading around $38.50 after nearing $50, with open interest also taking a dip.

強大的交易量轉化為嚴重的現金，每日收費高於400萬美元，從未在7月份下降到200萬美元以下。抵押品中鎖定的總價值達到了5.97億美元，表明有強烈的流動性支持。但是，炒作令牌有些波動性，在50美元接近50美元後的交易約為38.50美元，開放興趣也下降了。

A Word on High-Profile Traders

關於備受矚目的交易者的一句話

The world of crypto is always in motion. While July saw overall growth and success for Hyperliquid, it's worth noting some shifts in trader behavior. James Wynn, a well-known figure, seemed to take a step back from Hyperliquid, while others navigated the volatile market with varying degrees of success. The emergence of "The White Whale" as a publicly watched trader added another layer of intrigue.

加密世界總是在運動。儘管七月看到了超流動性的整體增長和成功，但值得注意的是，交易者行為發生了一些變化。詹姆斯·永利（James Wynn）是一個著名的人物，似乎從超級流動中退後一步，而其他人則以不同程度的成功駕駛著揮發性市場。當公開監視交易者時，“白鯨”的出現增加了另一層的陰謀。

The Future is Decentralized (Maybe)

未來是分散的（也許）

Hyperliquid's performance in July underscores the immense potential of decentralized infrastructure for derivatives trading. While regulated exchanges may eventually offer similar products, Hyperliquid currently stands out as a directly accessible, no-KYC platform settling directly on-chain. Continued innovation and scaling solutions will be crucial as the competition heats up.

Hyperliquid在7月的表現強調了分散基礎設施用於衍生品交易的巨大潛力。雖然受監管的交易所最終可能提供類似的產品，但Hyperliquid目前以直接訪問的無開關平台直接定居在鏈上。隨著競爭的升溫，持續的創新和擴展解決方案將至關重要。

So, what's next for Hyperliquid? All eyes are on August's performance to see if it can maintain its lead and capitalize on the ever-growing adoption of on-chain derivatives. One thing's for sure: the world of decentralized finance is never boring, and Hyperliquid is definitely one to watch!

那麼，超級流動的下一步是什麼？所有人的目光都集中在八月的表演中，以了解它是否可以維持其領先地位並利用不斷增長的鏈衍生物的採用。可以肯定的是：分散財務的世界永遠不會無聊，而溢流的世界絕對是值得關注的！