Summary
- Hyperliquid said it maintained 100% uptime despite the market crash.
- The platform reported that not a single case of bad debt occurred.
- For the first time in two years, cross-margin auto-deleveraging was triggered, but it said traders were able to earn substantial profits in favorable liquidation windows.
Decentralized derivatives exchange Hyperliquid said it remained fully operational even amid the recent market crash.
On the 12th (local time), Jeff, the founder of Hyperliquid, said, "During the recent period of extreme market volatility, the platform recorded 100% uptime and not a single bad debt occurred."
He explained, "This was the first time in two years that the cross-margin auto-deleveraging(ADL·Auto-Deleveraging) function was triggered," adding, "Although some individual trades closed unfavorably, overall it operated to allow traders to realize substantial profits in favorable liquidation windows."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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