Hyperliquid Claims 100% Uptime During 37-Minute Outage—But Traders Were Left in the

What Happened?

• On July 29, an API spike caused a 37-minute outage, stopping users from placing or closing orders, withdrawing funds, and managing leveraged positions—some at up to 40×.
• Despite visible disruptions, the company’s public status dashboard continued to show perfect uptime for its frontend, API, and L1 services.
• Users turned to Discord, where complaints poured in while Hyperliquid remained silent in official communications.

Coinccino Commentary

“Claiming 100% uptime during a live outage is more than an optics fail—it’s a trust breakdown. In markets stretched by leverage, real transparency isn’t optional—it’s essential.”

Why It Matters to Investors

Broader Implications

Hyperliquid ranks #1 in derivatives volume—it handles $21+B daily volume, $4.7B open interest, and $9.5M+ daily revenue, all while being hailed for “100% uptime.” But this recent discrepancy between claimed uptime and real-world experience may trigger deeper scrutiny of uptime metrics industry-wide.