Multiple Hyperliquid traders reported that their trades were not executing on Tuesday, raising concerns about a potential outage. On the community’s official Discord, a representative stated that there is an issue under investigation and that updates will be provided.
The first reported issues started filtering in at about 14:20 UTC before a Hyperliquid official confirmed on Discord that the service was operational again at 14:47 UTC, indicating about a 20-minute outage. Hyperliquid’s status page did not show an issue on Tuesday in either the frontend, API, or Layer 1.
HYPE, the blockchain’s native token, dropped as much as 3.75% to trade at $43 during that period before rebounding slightly, according to The Block’s price page.
Luke Cannon, who calls himself a prominent Hyperliquid community member, said on X that the project’s API was malfunctioning, causing issues with the Hyperliquid frontends. BasedApp, a trading app built on Hyperliquid and backed by Delphi, Hashed, and Spartan, also confirmed that order placement on its app had been impacted by HyperLiquid’s downtime.
However, a BasedApp representative told The Block in a direct message that its service is now functioning normally.
According to a screenshot taken during the downtime, prices began to diverge on the platform due to the inability to close positions. The price of ETH, for instance, diverged by about $9.
Hyperliquid is a popular decentralized perpetual futures exchange built on its own high-performance Layer 1 blockchain, HyperEVM, offering fast and low-fee leveraged trading through an onchain order book. It remains unclear what caused the outage.
The Block reached out to Hyperliquid for confirmation.
This is a developing story.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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