Hyperliquid experienced a transaction execution failure for about 20 minutes on July 29, causing the price of its native token HYPE to drop by 3.75% to $43 at one point. Platform officials confirmed on Discord that the service has been restored, and the cause of the failure is still under investigation.
During the outage, BasedApp, a trading app built on Hyperliquid, a perpetual contract exchange based on the self-developed HyperEVM chain known for its low rates and high performance, was also affected.
Hyperliquid trading platform briefly down, HYPE down 4%
2025-07-29 15:38:45
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