• 170 Hyperliquid traders have made over $10 million, with a total ROI of under 200%.
• Data shows over 1,589 traders earned at least $1 million from trades and airdrops.
• Top Hyperliquid wallets show high profits come from large capital, not just extreme returns.

A new wave of data has highlighted significant profits by top traders on Hyperliquid, a rapidly growing decentralized trading platform. Crypto analyst Defi_Mochi shared new figures showing that at least 170 users have earned over $10 million in lifetime profits. These include trading profits from perpetuals as well as airdrop rewards.

More than 1,589 wallets have crossed the $1 million mark in total gains, according to the leaderboard post. The top Hyperliquid earners, while showing high profits, mostly have an ROI below 200%, indicating their gains stem from large initial investments rather than outsized returns.

On @HyperliquidX if you overall all time pnl (perp trading pnl + airdrop):

Only 170 traders have 8 figs pnl (>10m)

>1589 traders have 7fig pnl (>1m)

Most of the traders with 8 figs pnls only have < 200% ROI suggesting that many of them already had size to begin with pic.twitter.com/Qvsp3NLsVJ

— Defi_Mochi (@defi_mochi) June 15, 2025

Mochi noted that lower ROI in high-profit accounts suggests many top traders operated with large initial deposits. This suggests that capital scale, rather than extreme leverage or luck, is a key driver of success. The leaderboard ranks traders by all-time performance using both realized PnL and airdrop rewards.

Two wallets, “H universe” and “0x5420…3a3b,” offered a sharp contrast in strategy. Both made nearly $10 million in all-time profit. H universe had an account value of $9.15 million and an ROI of 597.24%. The wallet recorded a trading volume of over $332 million.

In comparison, wallet 0x5420…3a3b posted a far higher ROI of 2,742.85% on just $3.7 million in trading volume. Yet its final account value stood lower at $7.91 million. The figures highlighted two different growth paths, one through scale, the other through efficiency.

Related: China Cracks Crypto Laundering Cases through HyperLiquid

Hyperliquid utilizes a self-created blockchain, referred to as HyperEVM. It enables its users to trade perpetual futures directly on self-custody wallets. The protocol has gained traction among fund-managed accounts, together with large traders.

The platform’s native token, HYPE, has seen an explosive rally in recent months. The token has gained over 365% since its yearly low. Last week, HYPE reached a new high just above $44. Its market cap now sits at $14 billion, with a fully diluted valuation of $44.3 billion.

Hyperliquid’s rise comes as decentralized trading sees growing adoption. Its performance and trading tools have attracted some of the biggest crypto whales. The latest data from Defi_Mochi adds further attention to the platform’s evolving trader base.

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