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Only 170 Hyperliquid Trader Profits Top $10M - Unchained
Only 170 Hyperliquid traders are sitting on more than $10 million of profits, according to an analysis of Hyperliquid wallets by pseudonymous onchain analyst DeFi Mochi
“Most of the traders with 8 figs [profit and losses] only have <200% ROI, suggesting that many of them already had size to begin with,” DeFi Mochi said.
This story is an excerpt from the Unchained Daily newsletter.
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The finding sheds light on the fact that despite Hyperliquid’s reputation as a high-performance decentralized exchange with low-latency trading, outsized gains are not uniformly distributed among its user base.
The total value locked on Hyperliquid’s layer 1 chain has reached $2.01 billion, a 70% increase in the last 30 days, according to DeFi Llama data