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
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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.
Subscribe here to get these updates in your email for free
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