Hyperliquid, a decentralized exchange, plans to automate refunds for users affected by an API outage on July 29, 2025.
API Outage and Refund Announcement
Hyperliquid announced it will automatically refund users impacted by the API outage on July 29, 2025. The incident caused over 30 minutes of trading disruption and briefly affected the price of its HYPL token.
Market Reaction and Stability Efforts
The outage led to a 3.75% drop in the HYPL token’s value, raising concerns among investors. However, immediate reassurance from the team stabilized the situation and restored some confidence in the market. The Hyperliquid Protocol Team stated, "Refunds will be processed in an automated way; no manual claims required, minimizing user burden."
Community Response and Future Implications
Despite the lack of statements from leading figures, Hyperliquid's swift communication aims to mitigate the crisis's aftermath. Users express relief but demand improvements in infrastructure to prevent future occurrences. Experts suggest that similar incidents in decentralized exchanges could set a precedent for compensation strategies.
The API outage highlights the importance of stable infrastructure in decentralized finance. Automated refunds may become a new standard for user service in the market.
