Hyperliquid, the Layer 1 and perpetual decentralized exchange (DEX), is facing its first major crisis of confidence following increased selling pressure from HYPE stakers, and a $4 million loss taken by its HLP vault. HYPE has fallen by 40% over the last month to $13.8 from $23.6, touching as low as $12.1 on Mar. 13. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io