{"id":25706,"date":"2025-07-31T10:08:42","date_gmt":"2025-07-31T07:08:42","guid":{"rendered":"https:\/\/forklog.com\/en\/hyperliquid-to-compensate-users-for-losses\/"},"modified":"2025-07-31T10:08:42","modified_gmt":"2025-07-31T07:08:42","slug":"hyperliquid-to-compensate-users-for-losses","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hyperliquid-to-compensate-users-for-losses\/","title":{"rendered":"Hyperliquid to Compensate Users for Losses"},"content":{"rendered":"

The decentralised exchange (DEX) for trading perpetual futures, Hyperliquid, will compensate users who suffered losses due to a malfunction in the API<\/span>. The project team announced<\/a> this on Telegram.\u00a0<\/p>\n

\n

\u201cWe will publish details about the compensations in the coming days, once we develop an appropriate mechanism for affected users. Payments will be made automatically \u2014 there is no need to contact support for now,\u201d the announcement states.\u00a0<\/p>\n<\/blockquote>\n

On July 30 at 14:10 UTC, Hyperliquid clients began<\/a> reporting issues with order execution. Many were unable to close positions, leading to price discrepancies \u2014 on the platform, prices differed from the market by approximately $9.<\/p>\n

Half an hour later, developers resolved the issue. They attributed the problem to a sudden surge in traffic, rather than a hacker attack, as some users speculated.\u00a0<\/p>\n

\n

\u201cTo emphasise: this was not a hack. The blockchain, consensus, and HyperEVM<\/a> were functioning normally, and blocks were generated without delays. The issue was with the API \u2014 transactions were processed, but users saw errors. This problem is currently being addressed,\u201d stated Hyperliquid representatives.\u00a0<\/p>\n<\/blockquote>\n

What Caused the Traffic Surge?\u00a0<\/h2>\n

The team noted that in recent weeks, the exchange has shown record performance. According to Dune, at the time of publication, the platform holds 77.3% of the perpetual futures trading market.\u00a0<\/p>\n

\"Hyperliquid
Top 10 platforms for trading perpetual futures. Source: Dune<\/a>.<\/figcaption><\/figure>\n

According to DeFi Llama, in July, Hyperliquid’s trading volume reached $300 billion, a 24% increase over the previous peak of $248 billion recorded in May.\u00a0<\/p>\n

\"Hyperliquid
Trading volume of perpetual futures on Hyperliquid. Source: DeFi Llama<\/a>.\u00a0<\/figcaption><\/figure>\n

Since December 2024, the DEX’s revenue from trading fees has exceeded $1 billion. In the last month, the platform earned<\/a> a record $86.5 million.<\/p>\n

HYPE’s Reaction\u00a0<\/h2>\n

Following the malfunction, the price of Hyperliquid’s native token fell nearly 2% to $42.59. According to CoinGecko<\/a>, in the past 24 hours, the HYPE rate has recovered by 0.3%.\u00a0<\/p>\n

At the time of writing, the coin is trading at $43.36 with a market capitalisation of $14 billion.\u00a0<\/p>\n

\"Hyperliquid
Hourly chart of HYPE\/USDT on KuCoin. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Earlier, on July 30, the Polygon network ceased<\/a> processing transactions and producing new blocks. Developers explained the reasons for the issues.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The decentralised exchange (DEX) for trading perpetual futures, Hyperliquid, will compensate users who suffered losses due to a malfunction in the API. The project team announced this on Telegram.\u00a0 \u201cWe will publish details about the compensations in the coming days, once we develop an appropriate mechanism for affected users. Payments will be made automatically \u2014 […]<\/p>\n","protected":false},"author":1,"featured_media":25705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,609,1823],"class_list":["post-25706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-futures","tag-hyperliquid"],"aioseo_notices":[],"amp_enabled":true,"views":"125","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25706"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25705"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}