Meet HyperTracker: Real-Time Wallet Behavior Tracking on Hyperliquid

What is HyperTracker?

HyperTracker is a live analytics tool built on top of the Hyperliquid blockchain. At its core, it’s a window into how every wallet on Hyperliquid is trading — updated continuously, segmented into meaningful cohorts, and surfaced through an intuitive interface designed for traders.

To make this possible, we’ve deployed a read-only node directly on Hyperliquid. This lets us ingest and parse the entire public state of the chain in real time, with full visibility into every wallet’s current positions, exposure, and historical performance.

Because Hyperliquid is a fully on-chain perp DEX, it unlocks a unique opportunity: we can now produce live, global insights across every perp trader with an open position — something that’s never been possible on traditional centralised exchanges.

Why We Built It

CoinMarketMan has spent over six years building trading intelligence and analytics tools for crypto derivatives traders. Our infrastructure has processed hundreds of millions of trade executions across tens of thousands of exchange accounts — giving us deep experience in building fast, reliable, and actionable analytics at scale.

When Hyperliquid came along, we saw the potential: an on-chain exchange with real users, growing liquidity, and fully transparent data. It was a perfect match for our analytics DNA.

Thanks to the modular systems we’ve built at CMM — both backend and frontend — we were able to pivot quickly and ship the first version of HyperTracker within a matter of weeks. It also gave us a clean slate to design a superior UX and user journey, which we plan to bring into the main CMM dashboard in future phases.

Cohorts: How We Group Wallets

We group wallets into two sets of cohorts to help you cut through the noise and extract high-signal insights: by Size and by PNL.

🧮 Size Cohorts (based on Perp Equity)

These reflect how much capital is currently deployed in open positions:

• 🦐 Shrimp: $0 – $250
• 🐟 Fish: $250 – $10k
• 🐬 Dolphin: $10k – $50k
• 🦈 Apex Predator: $50k – $100k
• 🐋 Small Whale: $100k – $500k
• 🐳 Whale: $500k – $1m
• 🌊 Tidal Whale: $1m – $5m
• 🐉 Leviathan: $5m+

📊 PNL Cohorts (based on all-time Perp PNL)

These group wallets based on lifetime perp performance:

• 💸 Money Printer: +$1m
• 📈 Smart Money: $100k – $1m
• 📊 Grinder: $10k – $100k
• 🙏 Humble Earner: $0 – $10k
• 🤡 Exit Liquidity: $0 to -$10k
• 🔥 Semi-Rekt: -$10k to -$100k
• 🚨 Full Rekt: -$100k to -$1m
• 💀 Giga-Rekt: -$1m+

Each cohort has a dedicated tile and page showing real-time wallet counts, position biases, profit split, liquidation risks, and more.

How to Use It

HyperTracker was built to be instantly useful. Here's how you can extract insights right away:

1. Cohort Overview (Homepage)

On the main dashboard, you’ll find a grid of all size and PNL cohorts — updated live. Each tile shows:

• How many wallets are currently in open positions
• A real-time long/short Perp Bias bar
• Percentage of traders currently in position

Click into any cohort to go deeper.

2. Cohort Pages: Deep Dive by Group

Each cohort has its own dedicated breakdown:

• Top 10 open perps with bias heatmap
• Liquidation risk by asset — see where risk clusters
• Table of largest open positions with wallet links

This gives you a quick pulse on how a specific class of traders is behaving and what’s most at stake.

3. Wallet Explorer

Want to zoom in on a single wallet? You’ve got two options:

• Click any wallet address you see in the tables; whether it’s from the largest positions list, liquidation risk view, or cohort breakdowns
• Or simply paste a wallet address into the search bar at the top

You’ll see:

• The wallet’s current Equity Breakdowns and lifetime PNLs
• A live position chart (equity/PNL over time) + Drawdown metrics
• All active positions with token, entry, size, PNL, and proximity to liquidation

This is where HyperTracker becomes especially powerful — giving you an x-ray view into any trader’s decision-making, edge (or lack of), and behaviour over time.

What’s Coming Next

This is just the beginning. Here’s what we’re working on now:

• 🧾 Wallet Claiming — let users verify ownership and access more tools
• ⭐️ Favourites — easily track wallets, or specific open positions
• 📈 Sentiment Flows — visualise shifts in bias over time per ticker
• 🗺️ Position Heatmaps — asset-level exposure breakdowns across the whole chain
• 🧠 Custom Cohorts — build your own wallet groups
• 🔔 Real-Time Alerts — set triggers on assets, bias shifts, or individual wallets

We plan to keep the core HyperTracker experience free and publicly accessible, so anyone can benefit from real-time on-chain insights. That said, features like custom cohort building, alerts, and other advanced tools may require login — and in future, some may be offered as part of a paid tier.

Our approach will remain dynamic, and we’ll continue adapting based on feedback and usage patterns. We'll be transparent about what changes and why.

But our north star remains the same: deliver game-changing trading intelligence, in a dashboard that’s clean, fast, and intuitive enough for anyone to understand.

Stay in the Loop

HyperTracker is a living tool — and we’re shipping fast. Here’s how to stay up to date:

👉 Follow @CMMHyperTracker on X

👉 Join the HyperTracker channel in our Discord

👉 Bookmark HyperTracker in your browser

👉 Check back here — this blog will be updated as features go live

👉 Launch the HyperTracker