Hyperliquid surpassed Robinhood in trading volume for the third consecutive month in July, with a 39.1% gap. DefiLlama data shows Hyperliquid traded $330.8 billion, while Robinhood processed $237.8 billion. Despite having minimal staff, Hyperliquid generates significant revenue, outperforming technology giants like Tether Limited. This dominance in trading volume highlights the competitiveness of decentralized finance protocols in the crypto market.

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