Under load, Hyperliquid cancels were losing to orders signed after them. Thanks to @FrothyBeverage the issue went public, and the goated Hyperliquid team was fast to fix it.
We then worked together to go deeper and see whether anything else had broken.
Modifies were hit too, to the point where it is now faster to cancel and place a new order than to modify one. Here is the data.
Paper, code and data, so anyone can check it from Hyperliquid's public archive, or straight from the histograms we collected on the @femtosxyz node:
Paper link : https://t.co/QdwvPOSjev
Decentralization and open nodes let anyone check data like this independently. We see that as a strength, not a weakness, next to other perp DEXs. Thanks to Hyperliquid for making it all available.
Hyperliquid.
we rebuilt Hyperliquid from the chain up so you don't have to.
@Enter_Elysium, HyperEVM, HyperCore. one API, every event, nothing missing. even the stuff a node won't tell you.
plug in your app or your agent and ship.
full gas no brakes. accelerate.
From block 1 to $28M of DEX volume in 17 days.
@Enter_Elysium launched quietly on October 19th. No announcement, no public launch yet.
26,047 wallets. 882K transactions. 77K HYPE bridged in.
Yesterday alone: $10.6M traded, 464 tokens launched, 13K active wallets.
A third of that volume came from wallets on their very first day.
e/acc