On August 4, the decentralized exchange Hyperliquid began paying out approximately $2 million in compensation to clients after an API failure. This is evidenced by data from Hypurrscan.
On July 30, DEX traders reported issues with order execution. Initially, users suspected that the malfunctions were caused by a hacker attack. However, the Hyperliquid team explained that the failure was due to high load on the API servers. At that time, the total open positions on the exchange reached $14.7 billion.
