Hyperliquid founder Jeff announced that the platform successfully maintained 100% uptime during recent market volatility, avoiding any bad debts. For the first time in over two years, Hyperliquid implemented cross-margin auto-deleveraging (ADL). While some ADL trades resulted in poor returns, the mechanism allowed traders to close positions at temporarily favorable prices, leading to significant gains and losses. The introduction of ADL did not affect the outcomes for users who were liquidated.