How many Hyperliquid traders would pass a prop firm challenge?
Updated
Every week we take 500 random active Hyperliquid accounts and run each one's last 30 days of trading through all 104 challenges at 22 crypto prop firms (every firm selling challenges when it ran), under each firm's own rules. This week, 63% would have passed at least one challenge, but only 12% still had a funded account when the 30 days ended.
457 accounts, November 9, 2026
63%
passed at least one challenge
286 of 457 accounts
12%
still had a funded account at day 30
56 of 457
35%
failed all 104 challenges
162 of 457
Of the 286 accounts that passed, 230 (80%) went on to break a rule on every funded account they won before the 30 days were out. The typical account in the sample lost 28% over the 30 days; 110 of 457 (24%) ended up.
The week before (November 7, 2026, a different 453 accounts): 54% passed at least one challenge, 12% still had a funded account at day 30 and 43% failed every challenge. Each week is a new random draw over a new 30 days, so the shares move.
What ends a challenge
Daily loss limits ended 67% of the failed attempts (one account on one challenge is one attempt).
- 3% daily loss limit37%
- 5% daily loss limit14%
- 4% daily loss limit10%
- 6% maximum loss3%
- 6% trailing maximum loss3%
- HYPE is not offered3%
The challenges most accounts passed
- WenCrypto · Buy Now Pay Later50%
- Vest Markets (Vest Capital) · 1-Step, 5% target, no daily loss limit40%
- Vest Markets (Vest Capital) · 1-Step, 5% target, 5% daily loss limit39%
- Vest Markets (Vest Capital) · 1-Step, 5% target, 4% daily loss limit35%
- For Traders · Fast PRO · no longer sold31%
- Vest Markets (Vest Capital) · 1-Step, 5% target, 3% daily loss limit27%
- Vest Markets (Vest Capital) · 1-Step, 10% target, no daily loss limit25%
- Kraken Prop · Lite23%
The challenges fewest accounts passed
- Upscale · Turbo, RWA1%
- For Traders · Instant · no longer sold4%
- Vanta Trading · Instant Funded, 5% trailing4%
- HyroTrader · Hyro Instant4%
- Vanta Trading · Instant Funded, 8% trailing4%
- Vest Markets (Vest Capital) · 1-Step, 20% target, 3% daily loss limit4%
- FundedNext · Stellar Instant4%
- Upscale · Turbo, Crypto5%
How the study works
- Who is in it. Hyperliquid leaderboard accounts holding $1,000 to $250,000 that traded at least $50,000 in the last month: 8,939 accounts this week. We draw 500 at random, a new draw each week. 43 had no perps trades in the 30 days and 0 could not be read, which leaves 457.
- How each account is scored. The same engine as our challenge simulator: the account rebuilt from its fills, funding and transfers, then replayed against each challenge's profit target, daily loss limit, maximum loss, leverage caps and the markets the firm offers.
- Passed and still funded. Passed means every phase's target reached without breaking a rule, or for an instant account, no rule broken. Still funded means the funded account after the pass, under the same limits, lasted to the end of the 30 days.
- Limits. Leaderboard accounts are not every Hyperliquid trader, and they trade with no prop firm watching. Firms run their own platforms and price feeds, so a real account can end differently. A few verdicts turn on the order of moves inside one candle.
- Data. Updated weekly; this copy ran November 9, 2026. The full numbers, with every challenge's pass rate: data.json.
