Hyperliquid's recent trading downtime was caused by an API server overload, leading to delays but no security breaches, with plans for new safeguards.
Hyperliquid experienced over 30 minutes of trading downtime due to an API server overload, confirmed to be unrelated to hacking. The incident began at 14:10 UTC, causing delays in order execution and user frustration. The platform has pledged to implement safeguards to prevent future occurrences. Despite the downtime, Hyperliquid reported record trading volumes and open interest driven by the recent listing of Pump.fun (PUMP).