In the context of increasingly popular DeFi platforms, Hyperliquid, a decentralized perpetual futures exchange, has proven to be highly attractive to traders. However, a recent analysis has revealed a surprising reality: only a small percentage of traders actually earn positive profits on this platform. This raises questions about sustainability and profit differentiation in a risk-heavy market like DeFi.
A realistic view of profits on Hyperliquid
According to data from Hyperdash, an analytics platform for Hyperliquid, only about 17% of traders achieve positive profits. Out of a total of 1,000 surveyed traders, only 166 reported profitable results. This means that the majority of transactions on this platform do not yield expected profits.
The average daily profit or loss of all traders is a loss of about $5,600, indicating that the majority of Hyperliquid users are suffering losses, a trend not surprising in high-leverage trading. Leverage trading can generate significant profits, but it also carries many risks and volatility, especially in decentralized financial markets.
Another noteworthy point is the distribution of profits on the platform. According to DeFi analyst Mochi, only 170 traders on Hyperliquid have accumulated profits exceeding $10 million. Meanwhile, 1,589 traders have earned over $1 million. However, Mochi also points out that many of these top traders have quite modest return on investment (ROI) rates, below 200%. This suggests they may have started with significant capital, utilizing available resources to leverage and obtain larger profits from big positions.
This analysis raises many questions about the fairness and sustainability of the profit system in a platform like Hyperliquid, where the majority of traders cannot record significant profits. Some users even criticize that successful traders are mainly those who were lucky enough to receive good airdrops and maintain benefits from them.
"They're just lucky people who got a nice airdrop and are waiting for profits, haha," a user commented.
Hyperliquid still dominates the market
Despite issues with low profit ratios, Hyperliquid maintains a strong position in the decentralized finance sector. Data from Dune Analytics shows that this platform accounts for over 60% of the market share in perpetual trading platforms, an important indicator of the platform's popularity and strength within the DeFi community. Over the past 30 days, Hyperliquid has processed trading volumes of up to $188 billion, generating $37.61 million in trading fees, reflecting strong community engagement.
This development is also reinforced by Hyperliquid's hybrid decentralized model, an important factor attracting attention from investors and increasing confidence in the platform. Although not all traders can achieve significant profits, with a large community and strong trading volume, Hyperliquid remains one of the leading DeFi trading platforms in the market.
Hyperliquid continues to demonstrate its appeal in the decentralized financial market, but traders need to be vigilant and understand the risks when participating. Although there is a small group of successful traders, the majority of users still face losses, reflecting the volatile and uncertain nature of the DeFi market. With smart trading strategies and proper risk management, traders can still seek profit opportunities, but achieving sustainable success on a platform like Hyperliquid is not an easy challenge.