Why 86% of Traders Are Losing: The Hilarious Truth Behind Hyperliquid’s Success

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Ah, Hyperliquid! The decentralized perpetual futures exchange that has become the talk of the town, much like a new theater play that everyone pretends to understand. Yet, a recent analysis reveals a rather disheartening truth: only 14% of traders are basking in the glow of profitability, while the rest are left to ponder their life choices.

While a select few have struck gold (over eight figures, no less), the majority of Hyperliquid’s traders are left with little more than a sad tale of missed opportunities.

How Many Hyperliquid Traders Are Actually Making Money?

According to the esteemed Hyperdash data, a mere 135 out of 1,000 traders have managed to record profitable outcomes. The average daily profit or loss (PnL) across all traders is a staggering loss of $5,600. Yes, you read that right—$5,600! That’s enough to make one reconsider their life choices, or at least their choice of trading platform.

This unfortunate trend suggests that most Hyperliquid users are, in fact, incurring losses, a fate that seems to befall those who dare to tread the high-risk waters of leveraged trading. 🏊‍♂️

Furthermore, the ever-astute crypto analyst DeFi Mochi pointed out on X (formerly Twitter) that only 170 traders on Hyperliquid have managed to accumulate profits exceeding $10 million. Meanwhile, 1,589 traders have earned over $1 million. These figures include both profits from perpetual trading and the occasional windfall from airdrops—because who doesn’t love free money? 💸

However, Mochi also noted that many of these 8-figure profit earners have a return on investment (ROI) of less than 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. It’s like bringing a bazooka to a knife fight—effective, but not exactly fair.

“That’s just people that got a good AirDrop and sit on it lol,” a user commented, summing up the situation with a delightful touch of sarcasm.

This raises questions about the sustainability of profit concentration among a small cohort of well-capitalized traders on the platform. Is it a fair game, or merely a stage for the wealthy to flaunt their riches?

Despite the profitability challenges for most traders, Hyperliquid continues to dominate the decentralized finance (DeFi) sector. BeInCrypto recently reported that the platform’s hybrid decentralization model has attracted substantial investor capital and boosted trust—because who doesn’t trust a platform where 86% of the players are losing? 🤔

Data from Dune Analytics further highlighted Hyperliquid’s strong position. The platform commands over 60% of the market share among perps platforms, which is quite the feat, considering the competition is fierce.

In addition, Hyperliquid boasts 499,231 users. Over the past 30 days, the platform has processed $188 billion in trading volume, generating $37.61 million in fees. This highlights strong usage in the DeFi space, proving that while not all traders may experience profits, Hyperliquid remains a preferred choice for many, much like a beloved but flawed novel that keeps readers coming back for more.

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2025-06-16 12:22