Hyperdash: Hyperliquid Analytics & Copy-Trading, Reviewed

If you trade Hyperliquid, the most underused edge is that everyone's positions are public on-chain. Hyperdash turns that transparency into a usable dashboard. This is an independent review of what it does, who it helps, and where the risks are.

What is Hyperdash?

Hyperdash is a trading terminal for Hyperliquid — built on the analytics dashboard it started as — that surfaces the live PnL leaderboard, wallets' open positions and liquidation levels in real time, and lets you follow or copy specific traders. Last verified: 2026-05-31.

In November 2025, Hyperdash was acquired by pvp.trade and relaunched as Hyperdash 2.0, pairing its analytics with in-app execution (chase orders, trailing stops, TWAP, copy-trading).

Because Hyperliquid runs an on-chain order book, every position is visible. Hyperdash aggregates that into rankings and per-wallet views so you can see what the most profitable accounts are actually doing — not what they tweet.

How Hyperdash works

• Leaderboard. Ranks wallets by realized PnL over various windows so you can find consistently profitable traders (and obvious one-shot gamblers).
• Position & liquidation view. Shows a wallet's live open positions, entry, size, and liquidation price — useful for gauging crowded trades and risk.
• Follow & copy. Track specific wallets or copy their activity via Hyperdash.

Who it's for / who should skip it

• Good for: active Hyperliquid traders who want to read market positioning, find ideas, and watch smart money.
• Skip if: you don't trade Hyperliquid, or you'd treat copy-trading as a substitute for your own risk management.

Risks

• Copy-trading ≠ safe. Past PnL isn't predictive; you inherit the trader's leverage, timing, and drawdowns.
• Crowding. Following the same wallets as everyone else can put you on the wrong side of a squeeze.
• Always confirm. Use it for context; size and stops are still on you.

How to get started

1. Open Hyperdash and explore the leaderboard and a few top wallets.
2. Study how they trade (size, leverage, hold time) before copying anything.
3. If you copy, start tiny, set your own stops, and review results honestly.

Final verdict

Hyperdash is a genuinely useful, low-effort edge for active Hyperliquid traders — turning on-chain transparency into readable positioning and idea flow. The leaderboard and position views are the real value; copy-trading is the risky part, so treat it as following an idea, not outsourcing risk. Not needed if you don't trade Hyperliquid.