(FREE) A Whale’s Gambit: Hyperliquid’s $4 Million Loss and Its Impact on the HyperEVM Ecosystem
On March 12, 2025, a significant event in decentralized finance (DeFi) unfolded at Hyperliquid—a high-performance Layer-1 blockchain recognized for its perpetual futures trading platform. A large-scale liquidation event resulted in a $4 million loss to the Hyperliquidity Provider (HLP) vault, a community-operated liquidity pool integral to the protocol’s