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Hyperliquid Exchange Platform Briefly Goes Down, HYPE Drops 4%
Summary: According to The Block, Hyperliquid experienced a 20-minute trading execution failure on July 29, causing its native token HYPE to briefly drop 3.75% to $43. The platform's official Discord confirmed that services have been restored, while the cause of the malfunction is still under investigation. During the outage, the trading app BasedApp, built on Hyperliquid, ...
According to The Block, Hyperliquid experienced a 20-minute trading execution failure on July 29, causing its native token HYPE to briefly drop 3.75% to $43. The platform's official Discord confirmed that services have been restored, while the cause of the malfunction is still under investigation. During the outage, the trading app BasedApp, built on Hyperliquid, was also affected. Hyperliquid is a perpetual contract exchange based on its proprietary HyperEVM chain, known for low fees and high performance.
