What happened to everyone else

Every backtest on this site is a simulation. This page is not. These are real accounts on a public exchange, with real money, and the exchange publishes what happened to each of them.

Of everyone who has ever traded

Hyperliquid publishes a leaderboard of accounts with their profit over four windows. We take every account that has actually traded and count how many are down.

50.4%are down over their whole history

-1.0%median lifetime return

43,743accounts that have traded

-100%worst 5% of accounts returned

It depends enormously on how long you look

The denominator matters more than the numbers do. An account that did not trade today has a profit of exactly zero today — counting it as "not losing" pushes the daily loss rate down to 12.5%. We only count accounts that actually traded in each window.

Window	Accounts that traded	Down	If idle accounts were counted	Median return	Worst 5%	Best 5%
Today	7,898	41.8%	12.5%	0.0%	-25%	26%
This week	14,126	40.4%	14.9%	0.0%	-59%	50%
This month	19,128	36.5%	16.6%	5.0%	-81%	90%
All time	43,743	50.4%	50.4%	-1.0%	-100%	1313%

Where the profit went

43,743 accounts have traded. The profit is not spread among them.

Top	Share of all profit
1accounts	2.6%
10accounts	9.8%
100accounts	32.1%
1,000accounts	68.6%

What this sample is, and is not

This is the exchange's published leaderboard, not every user. The median account here has traded $21,598,903 over its lifetime — these are substantial accounts, not people trying it once.
3,129 rows had zero lifetime volume and were removed. Several of the largest "profits" belonged to them — vaults and market-maker accounts, not traders.
Accounts that lost everything and left are under-represented. 3,786 accounts currently sit at zero or below, so some of the wreckage is visible, but not all of it.
The returns are the exchange's own figures. We did not recompute them from fills.

So the real share of people who lose money is worse than the number above, not better.

Our own backtests say the same thing

Thirteen textbook strategies, three markets, six timeframes. Only one — buying a fixed amount on a schedule — beat simply holding in all three markets. Outside crypto, trend-following collapsed entirely.

See the strategies

Snapshot taken	2026-09-26T09:22Z
Source	Hyperliquid public leaderboard (stats-data.hyperliquid.xyz/Mainnet/leaderboard)