In the context of increasingly popular DeFi platforms, Hyperliquid, a decentralized perpetual futures exchange, has demonstrated a strong appeal 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 the sustainability and profit distribution in a high-risk 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. Of the 1,000 traders surveyed, only 166 reported profitable results. This means that the majority of trades on this platform do not yield the expected profits.
The average daily profit or loss of all traders is a loss of about $5,600, indicating that most Hyperliquid users are facing losses, a trend not surprising in high-leverage trading. Leverage trading can generate large profits, but it also carries many risks and volatility, especially in decentralized financial markets.
Another noteworthy point is the profit distribution 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 pointed out that many of these top traders have a rather modest return on investment (ROI), below 200%. This suggests that they may have started with large capital, using available resources to leverage and obtain greater profits from larger positions.
This analysis raises questions for many about the fairness and sustainability of the profit system in a platform like Hyperliquid, where the majority of traders cannot achieve significant profits. Some users even criticize that successful traders are mainly those who were lucky to receive good airdrops and retained benefits from them.
"Just lucky people getting nice airdrops and sitting around waiting for profits, haha," a user commented.
Hyperliquid still dominates the market
Despite issues with low profit rates, Hyperliquid maintains a strong position in the decentralized finance sector. Data from Dune Analytics shows that this platform holds over 60% market share in perpetual trading platforms, an important indicator of its 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 participation.
This development is also reinforced by Hyperliquid's hybrid decentralized model, a key factor that helps attract attention from investors and increase trust in the platform. Although not all traders can achieve significant profits, with a large community and strong trading volumes, Hyperliquid remains one of the leading DeFi trading platforms in the market.
Hyperliquid continues to prove its appeal in the decentralized financial market, but traders need to be vigilant and understand the risks involved in participation. 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 reasonable risk management, traders can still seek profit opportunities, but achieving sustainable success on a platform like Hyperliquid is not an easy challenge.