Hypliquid的妈妈成长：主导永久未来的DEX位置

Hyperliquid的杰出表现表现出在分散的永久性期货市场中的优势，这是由Altcoin Purges和战略性鲸鱼活动所推动的。

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

Hypliquid的妈妈成长：主导永久未来的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绝对在7月份粉碎了它，在分散的永久期货游戏中巩固了自己作为顶级狗的位置。交易量增加了47％的月份，达到创纪录的3200亿美元。这种性能强调了对链衍生物的需求不断增长，并突出了超流动性在该领域的领先作用。

Record-Breaking July: A Deep Dive

破纪录的七月：深度潜水

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.

七月是超级流动性的焦糖，标志着其有史以来最活跃的月份，累计量飙升至3200亿美元。这种令人印象深刻的激增是由于对ETH永久合同的强劲需求和Altcoin衍生品的一系列活动所促进的。该平台在整个月的交易量保持稳定，在各种交易对中都具有零闲置的天数和令人印象深刻的深度。

Altcoin Mania and Whale Watching

山币躁狂症和鲸鱼观看

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.

高净值交易者在7月份扩大了势头，鲸鱼采取了重大行动。该平台上的开放兴趣首次飙升至150亿美元以上，这主要是由于以太坊永久曝光几乎增加了一倍。 Solana和Avalanche等山庄也做出了巨大贡献，这反映了交易者对通常嫌疑犯以外的杠杆产品的渴望。

Market Share and the Competitive Edge

市场份额和竞争优势

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保持其作为领先的分散永久性期货交易所的地位，占Binance总数的11.9％的地位。由于其链匹配引擎和零汽油费架构，这将其领先于DyDX和GMX等竞争对手。交易者对透明的执行和最小的滑倒狂欢，使超流动成为集中交易的令人信服的替代方案。

Fees, Tokens, and TVL, Oh My!

费用，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.

强大的交易量转化为严重的现金，每日收费高于400万美元，从未在7月份下降到200万美元以下。抵押品中锁定的总价值达到了5.97亿美元，表明有强烈的流动性支持。但是，炒作令牌有些波动性，在50美元接近50美元后的交易约为38.50美元，开放兴趣也下降了。

A Word on High-Profile Traders

关于备受瞩目的交易者的一句话

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.

加密世界总是在运动。尽管七月看到了超流动性的整体增长和成功，但值得注意的是，交易者行为发生了一些变化。詹姆斯·永利（James Wynn）是一个著名的人物，似乎从超级流动中退后一步，而其他人则以不同程度的成功驾驶着挥发性市场。当公开监视交易者时，“白鲸”的出现增加了另一层的阴谋。

The Future is Decentralized (Maybe)

未来是分散的（也许）

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月的表现强调了分散基础设施用于衍生品交易的巨大潜力。虽然受监管的交易所最终可能提供类似的产品，但Hyperliquid目前以直接访问的无开关平台直接定居在链上。随着竞争的升温，持续的创新和扩展解决方案将至关重要。

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!

那么，超级流动的下一步是什么？所有人的目光都集中在八月的表演中，以了解它是否可以维持其领先地位并利用不断增长的链衍生物的采用。可以肯定的是：分散财务的世界永远不会无聊，而溢流的世界绝对是值得关注的！