On July 29, 2025, the decentralized platform Hyperliquid experienced an API outage that affected trading and caused asset price fluctuations.
Impact of API Outage on Trading
The API outage lasted approximately 27 minutes, halting all trading operations. Users were unable to place orders, close positions, or withdraw funds. Following the news of the outage, HYPE prices dropped by 6% to $42.30, but the asset showed slight recovery, reaching $43.00.
Current Hyperliquid Metrics
Despite the challenges, data from TradingView shows that the Hyperliquid/Tether price increased by 8.87% over the past month and by 116.24% in the quarterly timeframe. The asset has risen by 80.05% year-to-date. During the outage, prices fell below the 20-day exponential moving average, yet as of writing, it was trading above the 50-day, 100-day, and 200-day averages.
Prospects and Development of Hyperliquid
Since the beginning of the year, the asset has shown steady growth, starting from under $10 in February-March. By the end of July, it reached around $43.30, indicating a growth of over 310%. The Relative Strength Index (RSI) has remained largely in the neutral and slightly bullish range throughout six months, oscillating between 40 and 70, indicating interest from institutional investors.
The API outage at Hyperliquid raises questions about the reliability of centralized systems within decentralized financial platforms; however, fundamentally, the asset remains strong.
