You might imagine that playing with high leverage on Hyperliquid is everywhere, but the reality might surprise you.

Looking at the data from the past 24 hours, out of a total of $7.63 billion in open contracts, the main players are actually the more conservative traders—those using 3 to 7x leverage, with the most funds at $3.7 billion, nearly half of the market. Following closely are the more stable 0 to 3x leverage group, with $2.77 billion in funds.

What about the extreme leverage above 7x? The amount of funds there shows a sharp drop-off. It seems everyone is aware—truly profitable traders are never those who gamble everything on a single shot, but rather those who operate precisely within manageable risk levels.

Of course, these figures may have some distortions. Extremely high or low leverage can generate noisy data, so this distribution actually reflects that the market is dominated by relatively rational trading strategies.