Odaiy Planet Daily News: Hyperliquid founder Jeff Yan and his team members recently participated in an exclusive feature interview with Colossos magazine.
During the interview, Jeff was asked what the biggest challenge would be in 2025. He did not mention JellyJelly’s attack on JLP, nor did he bring up competitors or bodyguards—he cited API server issues.
Throughout the summer, as Bitcoin surged past $100,000 and Hyperliquid’s monthly trading volume exceeded $400 billion, the servers connecting market makers to the blockchain began to struggle. An increasing number of institutions came online, each sending massive volumes of orders, cancellations, and updates—the infrastructure transmitting this data simply couldn’t keep up. Orders that should have executed instantly started experiencing delays of up to three seconds. The blockchain itself never went down, and user funds remained secure. But in a market where milliseconds determine success, a three-second delay is a serious issue.
Jeff said that during those weeks, he had almost no normal sleep—falling asleep at 1:30 AM and being woken up at 3 AM because the system failed again. Eventually, the team completely rewrote the entire server system from the ground up, and the new system later withstood the extreme market conditions of 1011.
For more details, refer to «Jeff Yan’s “Hyper Life”».