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Hyperliquid trading platform briefly went down, HYPE fell 4%
According to ChainCatcher news and a report from The Block, Hyperliquid experienced approximately 20 minutes of trading execution failure on July 29, causing its native Token HYPE price to temporarily fall 3.75% to $43. The platform officially confirmed on Discord that services have been restored, and the cause of the failure is still under investigation. During the outage, the trading application BasedApp built on Hyperliquid was also affected. Hyperliquid is a perpetual contract exchange based on the self-developed HyperEVM chain, known for its low fees and high performance.