Hyperliquid Trading Reality: Why 86% of Traders Are Losing Despite the Platform's Growth

Despite Hyperliquid, the decentralized futures exchange, becoming increasingly popular among traders, a recent analysis revealed a significant imbalance in trader profits, with only 14% of traders achieving positive returns.

A small group of traders have generated substantial profits (over eight figures), but most traders on Hyperliquid have not seen significant gains.

How Many Hyperliquid Traders Are Actually Making Money?

According to data from Hyperdash, only 135 out of 1,000 traders recorded profitable results. The average daily profit or loss (PnL) for all traders was a loss of $5,600.

This indicates that most Hyperliquid users are experiencing losses, a trend consistent with the high-risk nature of leveraged trading.

Moreover, DeFi crypto analyst Mochi emphasized on X (formerly Twitter) that only 170 traders on Hyperliquid have accumulated profits exceeding $10 million. Meanwhile, 1,589 traders have earned over $1 million. These figures include profits from perpetual contracts and airdrop rewards.

However, Mochi points out that many of these eight-figure profit earners have a return on investment (ROI) below 200%. This relatively low ROI suggests that these top traders likely started with significant initial capital, using their existing resources to leverage larger positions and amplify their profits.

"They just got a good Airdrop and are sitting on it lol," one user commented.

This raises questions about the sustainability of profit concentration among a small group of large-capital traders on the platform.

Despite challenges in profitability for most traders, Hyperliquid continues to dominate the decentralized finance (DeFi) space. BeInCrypto recently reported that the platform's hybrid decentralized model has attracted significant investment capital and enhanced trust.

Data from dune analytics also highlights Hyperliquid's strong position. The platform captures over 60% market share among perps platforms.

Additionally, Hyperliquid has 499,231 users. In the past 30 days, the platform processed $188 billion in trading volume, generating $37.61 million in fees, demonstrating strong usage in the DeFi space.

Therefore, although not all traders can experience profits on the platform, Hyperliquid remains a preferred choice for many, as evidenced by its market position, large user base, and continuous development in decentralized finance.