Svmuu News Hyperliquid founder Jeff Yan and his team recently gave an in-depth feature interview to Colossos magazine.
During the interview, Jeff was asked about the biggest challenge he faced in 2025. He didn't mention the JellyJelly attack on JLP, nor competitors or bodyguards, but instead pointed to API server issues.
Throughout the summer, as Bitcoin broke through $100,000 and Hyperliquid's monthly trading volume exceeded $400 billion, the servers connecting market makers to the blockchain began to falter. With more and more institutions connecting, each sending massive volumes of orders, cancellations, and update requests, the infrastructure transmitting this data couldn't keep up. Orders that should have been executed instantly began experiencing delays of up to 3 seconds. The blockchain itself was not down, and user funds remained safe. But in a market where milliseconds decide outcomes, a 3-second delay was a serious problem.
Jeff said he barely slept normally for those weeks — falling asleep at 1:30 AM only to be woken up at 3 AM because the system had issues again. Ultimately, the team rewrote the entire server system from the ground up, and the new system withstood the test during the subsequent extreme 1011 market conditions.
For more details, please refer to 「Jeff Yan's "Hyper Life"」.