Updated 2026-06-23 - public on-chain data - not financial advice
Blacklight (blacklight.observer) scores every Hyperliquid and Polymarket wallet for one thing: realizability - whether you could actually copy it after copy-lag, fees, de-levering, and execution style. Most you can't. Here is the current data.
Every tracker shows you "top traders" by PnL. We ask the harder question and reject the ones you can't reproduce - that asymmetry is the whole point.
| wallet | RS | tier | return | hold | dir | binding factor |
|---|---|---|---|---|---|---|
| 0xfb2b…082d | 100 | strong | +8% | 45d | two-way | survives the gauntlet; weakest dimension: de-levered edge |
| 0x64f4…dfb8 | 100 | strong | +80% | 5d | two-way | survives the gauntlet; weakest dimension: de-levered edge |
| 0xf932…c8e1 | 100 | strong | +44% | 3d | two-way | survives the gauntlet; weakest dimension: de-levered edge |
| 0xec12…85fb | 93 | strong | +255% | 5d | two-way | survives the gauntlet; weakest dimension: alpha vs beta |
| 0x00de…2fac | 92 | strong | +68% | 3d | two-way | survives the gauntlet; weakest dimension: persistence |
| 0xcf74…6cfe | 91 | strong | +396% | 19d | two-way | survives the gauntlet; weakest dimension: copy-lag survival |
| 0xbc43…53b0 | 91 | strong | +107% | 6d | two-way | survives the gauntlet; weakest dimension: copy-lag survival |
| 0xde87…9c1b | 85 | strong | +4450% | 1d | one-way | survives the gauntlet; weakest dimension: de-levered edge; one-directional (not yet two-wa |
RS 0-100, a product of gates (copy-lag survival, de-levered edge, alpha-vs-BTC-beta, regime, persistence). Open any wallet's full X-Ray at blacklight.observer.
| wallet | RS | strategy | binding factor |
|---|---|---|---|
| velikonsa | 39 | Discretionary trader | best case capped by discretionary selection (real skill, but you lag the entries); weakest |
| sakuralover | 39 | Discretionary trader | best case capped by discretionary selection (real skill, but you lag the entries); weakest |
| Toncar16 | 37 | Discretionary trader | best case capped by discretionary selection (real skill, but you lag the entries); weakest |
| SnowLover7 | 35 | Discretionary trader | best case capped by discretionary selection (real skill, but you lag the entries); weakest |
| m3t64 - 815 | 30 | Discretionary trader | best case capped by discretionary selection (real skill, but you lag the entries); weakest |
| 0xf705…3ca7 | 27 | Discretionary trader | best case capped by discretionary selection (real skill, but you lag the entries); weakest |
PM realizability is near-zero by design: a transparent zero-sum order book, and most fills are maker (resting orders you can't reproduce by following). Only directional taker wallets with real edge clear even "marginal".
Three structural edges don't transfer when you copy: market-making (the profit is in queue priority/spread capture - by the time you see the fill, the price is gone), speed (latency/at-close sniping, stale once public), and leverage (great returns that vanish de-levered to a size you'd actually run). Blacklight measures each and only passes wallets whose edge survives all of them.
Whether you could actually reproduce a wallet's edge by copying it - after copy-lag, fees, de-levering to a sane size, execution style, and a change of market regime. Profit alone is not the question; reproducible-by-you profit is.
Their edge is structural, not analytical: market-making (you can't replicate resting-order queue fills), speed/latency (gone before it's public), or leverage (dies de-levered). Copying those just hands you the losing side.
No. Blacklight is read-only research tooling - public on-chain data only, no custody, no execution. Do your own diligence.
Blacklight is read-only wallet-copyability & realizability intelligence for Hyperliquid and Polymarket - web app + an open MCP endpoint for AI agents. Public data only; not affiliated with Hyperliquid or Polymarket; not financial advice.