Hyperliquid API Outage Disrupts Trades for 37 Minutes, Refunds Promised

* API server outage halts trading for 37 minutes * DEX plans automated refunds; on-chain transactions unaffected On July 30, 2025, a significant traffic spike caused a 37-minute API server outage on Hyperliquid, a decentralized exchange operating on its own Layer 1 blockchain. The outage, which occurred between 14:10 and 14:47 UTC, disrupted trading activity by preventing users from executing orders or managing positions. Although this downtime caused price discrepancies, the exchange’s blockchain infrastructure and consensus mechanisms continued to function, successfully confirming on-chain transactions and thereby safeguarding user funds and network security. On July 30, The Block reported that Hyperliquid plans to issue automated refunds to affected users, eliminating the need for individual support tickets. While the exchange has not yet finalized the refund methodology, it assured users that updates will be announced in the coming days. In a statement, Hyperliquid described the outage as a result of "growing pains," attributing the traffic surge to record-high open interest and protocol revenue. Amid the disruption, Hyperliquid's native token, HYPE, declined by 3.75% to approximately $43, reflecting cautious trading sentiment among users. However, the platform’s core operations and on-chain security remained intact, with the decentralized infrastructure continuing to function without external threats. As of 16:16 UTC on July 30, the HYPE token was trading at $43.032, representing a 0.662% decline over the past 24 hours. Furthermore, market data revealed a 27.908% decrease in trading volume, indicating continued caution from traders following the disruption.