Hyperliquid Outpaces Robinhood by 39.1% in July Trading Volume

Hyperliquid, a decentralized derivatives exchange, recorded $330.8 billion in combined spot and perpetual trading volume in July 2025, surpassing Robinhood’s total of $237.8 billion across all products [1][2]. This marked a 39.1% lead over the traditional trading platform and represented a significant expansion from previous months. In May and June, Hyperliquid had already traded $256 billion and $231 billion, respectively, both well ahead of Robinhood’s figures [3].

The data underscores a growing shift in user preference from centralized to decentralized trading infrastructure, particularly in the crypto space. Hyperliquid’s July volume includes contributions from DeFi participants seeking faster execution, lower latency, and direct access to liquidity. Notably, Robinhood’s trading volume in July was spread across equities ($209.1 billion), options ($195.8 million), and crypto ($28.7 billion) [3], highlighting the distinct market segments each platform serves.

Hyperliquid’s performance also reflects its increasing efficiency and user engagement. Despite having a team of just 11 members, the platform generated $1.167 billion in annualized revenue [4]. Meanwhile, its July trading volume has since exceeded $349 billion, indicating sustained and robust growth [3]. Analysts attribute this momentum to user demand for more transparent and high-performance trading infrastructure, particularly among crypto-native traders [5].

This continued outperformance signals a potential long-term structural shift in how traders access markets. Decentralized exchanges like Hyperliquid offer advantages such as faster execution, reduced fees, and direct liquidity access, which are increasingly appealing in the evolving financial landscape. As decentralized platforms continue to gain traction, the dominance of traditional exchanges in crypto trading may further erode, especially among younger and digitally-savvy investors [5].

Source:

[1] Hyperliquid Surpasses Robinhood in Trading Volume for Three Months Straight

(https://unchainedcrypto.com/hyperliquid-surpasses-robinhood-in-trading-volume-for-three-months-straight/)

[2] Hyperliquid surpasses Robinhood in monthly trading

(https://cryptoslate.com/hyperliquid-surpasses-robinhood-in-monthly-trading-volume-for-the-third-consecutive-month/)

[3] Hyperliquid Tops Robinhood for Third Straight Month With

(https://www.ccn.com/news/crypto/hyperliquid-tops-robinhood-third-month-330b-volume/)

[4] Hyperliquid Surpasses $330.8B in July Trading Volume

(https://www.ainvest.com/news/hyperliquid-surpasses-330-8b-july-trading-volume-outpacing-robinhood-39-1-2508/)

[5] Hyperliquid Trading Volume Soars: $330.8B in

(https://coinstats.app/news/a09a8662fc2ae16606d7534e0515650e9a856c27aab219c45a987ba3931e266b_Hyperliquid-Trading-Volume-Soars-3308B-in-July-Signals-a-DeFi-Revolution)