General

Get total monthly DEX volume on Hyperliquid over time

SELECT
    DATE_TRUNC('MONTH', timestamp) AS month,
    token_a_symbol,
    SUM(usd_amount) AS volume_usd
FROM hyperliquid.dex.trades
GROUP BY ALL

Get all available trades for a given user

select
    *
from hyperliquid.dex.trades
where 1=1
    and (buyer_address = <address_to_search> or seller_address = <address_to_search>)

Get all trades of BTC in the last 24 hours

select
    *
from hyperliquid.dex.trades
where 1=1
    and token_a_symbol = 'BTC'
    and timestamp >= current_timestamp - interval '24 hours'

Get a list of tokens traded in the last 24 hours, with a breakdown of spot vs perpertuals volume, ordered by total USD volume traded

select
    token_a_symbol,
    sum(case when market_type = 'spot' then usd_amount else 0 end) as total_spot_usd_amount,
    sum(case when market_type = 'perpetuals' then usd_amount else 0 end) as total_perpetuals_usd_amount,
    sum(usd_amount) as total_usd_amount,
from hyperliquid.dex.trades
where 1=1
    and timestamp >= current_timestamp - interval '24 hours'
group by all
order by total_usd_amount desc

Get daily activity metrics, aggregated by token, for the last 7 days

select
    date(timestamp) as day,
    token_a_symbol,
    count(distinct buyer_address) as num_buyers,
    count(distinct seller_address) as num_sellers,
    sum(usd_amount) as total_usd_amount,
from hyperliquid.dex.trades
where 1=1
    and timestamp >= current_timestamp - interval '7 days'
group by all
order by 1 asc

By Use Case

We can use some simple queries to view market resistance levels for the last 24 hours. (For more sophisticated clustering consider exporting the data and usind statiscal tools to identify clusters.)

Please be advised that this data is currently incomplete as open orders are still missing. We are working to complete this data set. However this will give you some sense of the levels.

Limit losses levels
- The query below give you levels where traders are more likely to sell to limit their losses.

-- Dynamic binning for Stop orders based on each coin's price range
WITH coin_price_ranges AS (
    SELECT 
        COIN,
        MIN(TRIGGER_PRICE) as min_price,
        MAX(TRIGGER_PRICE) as max_price,
        (MAX(TRIGGER_PRICE) - MIN(TRIGGER_PRICE))/20 as bin_size -- Create 20 bins across the range
    FROM hyperliquid.raw.orders
    WHERE IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
    AND TYPE IN ('Stop Market', 'Stop Limit')
    AND STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
    GROUP BY COIN
)

SELECT 
    o.COIN,
    'Stop Orders' as order_category,
    FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size as price_bin_start,
    (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size as price_bin_end,
    COUNT(*) as order_count
FROM hyperliquid.raw.orders o
JOIN coin_price_ranges r ON o.COIN = r.COIN
WHERE o.IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
AND o.TYPE IN ('Stop Market', 'Stop Limit')
AND o.STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
GROUP BY o.COIN, order_category, FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size, (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size
ORDER BY o.COIN, price_bin_start;

Take Profit Levels
- This will give you the levels where traders are more likely to take profits.

-- Dynamic binning for Take Profit orders based on each coin's price range
WITH coin_price_ranges AS (
    SELECT 
        COIN,
        MIN(TRIGGER_PRICE) as min_price,
        MAX(TRIGGER_PRICE) as max_price,
        (MAX(TRIGGER_PRICE) - MIN(TRIGGER_PRICE))/20 as bin_size -- Create 20 bins across the range
    FROM hyperliquid.raw.orders
    WHERE IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
    AND TYPE IN ('Take Profit Market', 'Take Profit Limit')
    AND STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
    GROUP BY COIN
)

SELECT 
    o.COIN,
    'Take Profit Orders' as order_category,
    FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size as price_bin_start,
    (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size as price_bin_end,
    COUNT(*) as order_count
FROM hyperliquid.raw.orders o
JOIN coin_price_ranges r ON o.COIN = r.COIN
WHERE o.IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
AND o.TYPE IN ('Take Profit Market', 'Take Profit Limit')
AND o.STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
GROUP BY o.COIN, order_category, FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size, (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size
ORDER BY o.COIN, price_bin_start;

Circular Trading - two addresses trading back and forth

WITH trading_pairs AS (
    SELECT 
        BUYER_ADDRESS,
        SELLER_ADDRESS,
        COIN,
        COUNT(*) as trade_count,
        SUM(USD_AMOUNT) as total_volume
    FROM hyperliquid.dex.trades
    WHERE TIMESTAMP >= DATEADD(day, -30, CURRENT_TIMESTAMP()) -- Last 30 days
    GROUP BY BUYER_ADDRESS, SELLER_ADDRESS, COIN
    HAVING COUNT(*) >= 10 -- At least 10 trades between the same pair
),
reverse_pairs AS (
    SELECT 
        a.BUYER_ADDRESS,
        a.SELLER_ADDRESS,
        a.COIN,
        a.trade_count as forward_count,
        b.trade_count as reverse_count,
        a.total_volume as forward_volume,
        b.total_volume as reverse_volume
    FROM trading_pairs a
    JOIN trading_pairs b ON a.BUYER_ADDRESS = b.SELLER_ADDRESS 
                         AND a.SELLER_ADDRESS = b.BUYER_ADDRESS
                         AND a.COIN = b.COIN
    WHERE a.BUYER_ADDRESS < a.SELLER_ADDRESS -- To avoid duplicate pairs
)

SELECT 
    BUYER_ADDRESS,
    SELLER_ADDRESS,
    COIN,
    forward_count,
    reverse_count,
    forward_count + reverse_count as total_trades,
    forward_volume,
    reverse_volume,
    forward_volume + reverse_volume as total_volume,
    ABS(forward_count - reverse_count) / (forward_count + reverse_count) as trade_count_imbalance,
    ABS(forward_volume - reverse_volume) / (forward_volume + reverse_volume) as volume_imbalance
FROM reverse_pairs
ORDER BY total_trades DESC;

We can use some simple queries to view market resistance levels for the last 24 hours. (For more sophisticated clustering consider exporting the data and usind statiscal tools to identify clusters.)

Please be advised that this data is currently incomplete as open orders are still missing. We are working to complete this data set. However this will give you some sense of the levels.

Limit losses levels
- The query below give you levels where traders are more likely to sell to limit their losses.

-- Dynamic binning for Stop orders based on each coin's price range
WITH coin_price_ranges AS (
    SELECT 
        COIN,
        MIN(TRIGGER_PRICE) as min_price,
        MAX(TRIGGER_PRICE) as max_price,
        (MAX(TRIGGER_PRICE) - MIN(TRIGGER_PRICE))/20 as bin_size -- Create 20 bins across the range
    FROM hyperliquid.raw.orders
    WHERE IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
    AND TYPE IN ('Stop Market', 'Stop Limit')
    AND STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
    GROUP BY COIN
)

SELECT 
    o.COIN,
    'Stop Orders' as order_category,
    FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size as price_bin_start,
    (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size as price_bin_end,
    COUNT(*) as order_count
FROM hyperliquid.raw.orders o
JOIN coin_price_ranges r ON o.COIN = r.COIN
WHERE o.IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
AND o.TYPE IN ('Stop Market', 'Stop Limit')
AND o.STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
GROUP BY o.COIN, order_category, FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size, (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size
ORDER BY o.COIN, price_bin_start;

Take Profit Levels
- This will give you the levels where traders are more likely to take profits.

-- Dynamic binning for Take Profit orders based on each coin's price range
WITH coin_price_ranges AS (
    SELECT 
        COIN,
        MIN(TRIGGER_PRICE) as min_price,
        MAX(TRIGGER_PRICE) as max_price,
        (MAX(TRIGGER_PRICE) - MIN(TRIGGER_PRICE))/20 as bin_size -- Create 20 bins across the range
    FROM hyperliquid.raw.orders
    WHERE IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
    AND TYPE IN ('Take Profit Market', 'Take Profit Limit')
    AND STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
    GROUP BY COIN
)

SELECT 
    o.COIN,
    'Take Profit Orders' as order_category,
    FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size as price_bin_start,
    (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size as price_bin_end,
    COUNT(*) as order_count
FROM hyperliquid.raw.orders o
JOIN coin_price_ranges r ON o.COIN = r.COIN
WHERE o.IS_TAKE_PROFIT_OR_STOP_LOSS = TRUE
AND o.TYPE IN ('Take Profit Market', 'Take Profit Limit')
AND o.STATUS_CHANGE_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
GROUP BY o.COIN, order_category, FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) * r.bin_size, (FLOOR(o.TRIGGER_PRICE / NULLIF(r.bin_size, 0)) + 1) * r.bin_size
ORDER BY o.COIN, price_bin_start;

Circular Trading - two addresses trading back and forth

WITH trading_pairs AS (
    SELECT 
        BUYER_ADDRESS,
        SELLER_ADDRESS,
        COIN,
        COUNT(*) as trade_count,
        SUM(USD_AMOUNT) as total_volume
    FROM hyperliquid.dex.trades
    WHERE TIMESTAMP >= DATEADD(day, -30, CURRENT_TIMESTAMP()) -- Last 30 days
    GROUP BY BUYER_ADDRESS, SELLER_ADDRESS, COIN
    HAVING COUNT(*) >= 10 -- At least 10 trades between the same pair
),
reverse_pairs AS (
    SELECT 
        a.BUYER_ADDRESS,
        a.SELLER_ADDRESS,
        a.COIN,
        a.trade_count as forward_count,
        b.trade_count as reverse_count,
        a.total_volume as forward_volume,
        b.total_volume as reverse_volume
    FROM trading_pairs a
    JOIN trading_pairs b ON a.BUYER_ADDRESS = b.SELLER_ADDRESS 
                         AND a.SELLER_ADDRESS = b.BUYER_ADDRESS
                         AND a.COIN = b.COIN
    WHERE a.BUYER_ADDRESS < a.SELLER_ADDRESS -- To avoid duplicate pairs
)

SELECT 
    BUYER_ADDRESS,
    SELLER_ADDRESS,
    COIN,
    forward_count,
    reverse_count,
    forward_count + reverse_count as total_trades,
    forward_volume,
    reverse_volume,
    forward_volume + reverse_volume as total_volume,
    ABS(forward_count - reverse_count) / (forward_count + reverse_count) as trade_count_imbalance,
    ABS(forward_volume - reverse_volume) / (forward_volume + reverse_volume) as volume_imbalance
FROM reverse_pairs
ORDER BY total_trades DESC;

Monitor big movements

Predict what is happening in the market

Identify top sellers in the last month

SELECT 
    SELLER_ADDRESS,
    SUM(USD_AMOUNT) as TOTAL_SOLD_USD,
    COUNT(*) as NUMBER_OF_SALES
FROM hyperliquid.dex.trades
WHERE TIMESTAMP >= DATEADD(month, -1, CURRENT_TIMESTAMP())
  AND SELLER_ADDRESS IS NOT NULL
GROUP BY SELLER_ADDRESS
ORDER BY TOTAL_SOLD_USD DESC
LIMIT 20;

Identify Top Buyers

SELECT 
    BUYER_ADDRESS,
    SUM(USD_AMOUNT) as TOTAL_BOUGHT_USD,
    COUNT(*) as NUMBER_OF_PURCHASES
FROM hyperliquid.dex.trades
WHERE TIMESTAMP >= DATEADD(month, -1, CURRENT_TIMESTAMP())
  AND BUYER_ADDRESS IS NOT NULL
GROUP BY BUYER_ADDRESS
ORDER BY TOTAL_BOUGHT_USD DESC
LIMIT 20;

Monitor the above addresses for open trades (coming soon)

For now you can view what these whales have been doing by removing the o.STATUS = ‘open’, which will show you all the order status changes, so will capture a lot of the movement, but any orders that were placed and have not been cancelled, modified or filled, will not be visible.

-- First, create a CTE (Common Table Expression) with top sellers
WITH top_sellers AS (
    SELECT 
        SELLER_ADDRESS as ADDRESS
    FROM hyperliquid.dex.trades
    WHERE TIMESTAMP >= DATEADD(month, -1, CURRENT_TIMESTAMP())
      AND SELLER_ADDRESS IS NOT NULL
    GROUP BY SELLER_ADDRESS
    ORDER BY SUM(USD_AMOUNT) DESC
    LIMIT 10
),
-- Create a CTE with top buyers
top_buyers AS (
    SELECT 
        BUYER_ADDRESS as ADDRESS
    FROM hyperliquid.dex.trades
    WHERE TIMESTAMP >= DATEADD(month, -1, CURRENT_TIMESTAMP())
      AND BUYER_ADDRESS IS NOT NULL
    GROUP BY BUYER_ADDRESS
    ORDER BY SUM(USD_AMOUNT) DESC
    LIMIT 10
),
-- Combine the two lists (with possible duplicates)
top_traders AS (
    SELECT ADDRESS FROM top_sellers
    UNION
    SELECT ADDRESS FROM top_buyers
)
-- Now query the orders table for these addresses
SELECT 
    o.CLIENT_ORDER_ID,
    o.ORDER_ID,
    o.COIN,
    o.IS_TAKE_PROFIT_OR_STOP_LOSS,
    o.IS_TRIGGER,
    o.TYPE,
    o.ORIGINAL_SIZE,
    o.IS_REDUCE_ONLY,
    o.SIDE,
    o.SIZE,
    o.TIME_IN_FORCE,
    o.ORDER_TIMESTAMP,
    o.TRIGGER_CONDITION,
    o.TRIGGER_PRICE,
    o.LIMIT_PRICE,
    o.CHILDREN,
    o.STATUS,
    o.USER,
    o.STATUS_CHANGE_TIMESTAMP
FROM hyperliquid.raw.orders o
JOIN top_traders t ON o.USER = t.ADDRESS
WHERE o.STATUS = 'open'
  AND o.ORDER_TIMESTAMP >= DATEADD(hour, -24, CURRENT_TIMESTAMP())
ORDER BY o.ORDER_TIMESTAMP DESC;

Most profitable traders

WITH buyer_pnl AS (
    SELECT 
        BUYER_ADDRESS AS ADDRESS,
        SUM(CAST(PARSE_JSON(_EXTRA_FIELDS):buyer:closed_pnl as FLOAT)) AS BUYER_TOTAL_PNL
    FROM hyperliquid.dex.trades
    WHERE _EXTRA_FIELDS IS NOT NULL
      AND PARSE_JSON(_EXTRA_FIELDS):buyer:closed_pnl IS NOT NULL
      AND BUYER_ADDRESS IS NOT NULL
      AND TIMESTAMP >= DATEADD(day, -7, CURRENT_TIMESTAMP())
    GROUP BY BUYER_ADDRESS
),

seller_pnl AS (
    SELECT 
        SELLER_ADDRESS AS ADDRESS,
        SUM(CAST(PARSE_JSON(_EXTRA_FIELDS):seller:closed_pnl as FLOAT)) AS SELLER_TOTAL_PNL
    FROM hyperliquid.dex.trades
    WHERE _EXTRA_FIELDS IS NOT NULL
      AND PARSE_JSON(_EXTRA_FIELDS):seller:closed_pnl IS NOT NULL
      AND SELLER_ADDRESS IS NOT NULL
      AND TIMESTAMP >= DATEADD(day, -7, CURRENT_TIMESTAMP())
    GROUP BY SELLER_ADDRESS
),

combined_pnl AS (
    SELECT 
        COALESCE(b.ADDRESS, s.ADDRESS) AS ADDRESS,
        COALESCE(b.BUYER_TOTAL_PNL, 0) AS BUYER_TOTAL_PNL,
        COALESCE(s.SELLER_TOTAL_PNL, 0) AS SELLER_TOTAL_PNL,
        COALESCE(b.BUYER_TOTAL_PNL, 0) + COALESCE(s.SELLER_TOTAL_PNL, 0) AS TOTAL_PNL
    FROM buyer_pnl b
    FULL OUTER JOIN seller_pnl s ON b.ADDRESS = s.ADDRESS
)

SELECT 
    ADDRESS,
    BUYER_TOTAL_PNL,
    SELLER_TOTAL_PNL,
    TOTAL_PNL,
    CASE 
        WHEN TOTAL_PNL > 0 THEN 'Profitable'
        WHEN TOTAL_PNL < 0 THEN 'Loss'
        ELSE 'Breakeven'
    END AS PERFORMANCE
FROM combined_pnl
ORDER BY TOTAL_PNL DESC
LIMIT 100;

Builder Fees

Average fee by builder address

-- avg fee by builder address
SELECT 
    action:builder:b as builder_address,
    COUNT(*) as transaction_count,
    AVG(action:builder:f) as average_fee
FROM hyperliquid.raw.transactions
WHERE action:builder:b IS NOT NULL
GROUP BY action:builder:b
ORDER BY average_fee DESC;

Min, Max and Avg - Max Builder Fee per builder builder

SELECT 
    action:builder as builder_address,
   
    MIN(
        TRY_TO_DECIMAL(
            REPLACE(
                REPLACE(action:maxFeeRate::string, '%', ''),
                ' ', ''
            )
        ) / 100
    ) as min_max_fee_rate,
    
    MAX(
        TRY_TO_DECIMAL(
            REPLACE(
                REPLACE(action:maxFeeRate::string, '%', ''),
                ' ', ''
            )
        ) / 100
    ) as max_max_fee_rate,
    
    AVG(
        TRY_TO_DECIMAL(
            REPLACE(
                REPLACE(action:maxFeeRate::string, '%', ''),
                ' ', ''
            )
        ) / 100
    ) as avg_max_fee_rate,
    
    COUNT(*) as approval_count,
    MIN(action:nonce) as first_approval,
    MAX(action:nonce) as latest_approval
FROM hyperliquid.raw.transactions
WHERE action:type::string = 'approveBuilderFee'
  AND action:maxFeeRate IS NOT NULL
GROUP BY builder_address
ORDER BY avg_max_fee_rate DESC;

Vaults

Transfers, deposits by vault and user

SELECT 
    user,
    action:vaultAddress AS vault_address,
    SUM(CASE WHEN action:isDeposit = true THEN action:usd ELSE 0 END) AS total_deposits,
    SUM(CASE WHEN action:isDeposit = false THEN action:usd ELSE 0 END) AS total_withdrawals
FROM hyperliquid.raw.transactions
WHERE action:type = 'vaultTransfer'
GROUP BY user, vault_address
ORDER BY user, vault_address;

Transfers and deposits by vault

SELECT 
    action:vaultAddress AS vault_address,
    SUM(CASE WHEN action:isDeposit = true THEN action:usd ELSE 0 END) AS total_deposits,
    SUM(CASE WHEN action:isDeposit = false THEN action:usd ELSE 0 END) AS total_withdrawals,
    COUNT(DISTINCT user) AS users
FROM hyperliquid.raw.transactions
WHERE action:type = 'vaultTransfer'
GROUP BY vault_address
ORDER BY total_deposits DESC;

Overview

Data Verticals

Solana

Hyperliquid 🌱

Bitcoin Ecosystem

EVM

Cosmos Ecosystem

Move Ecosystem

Other Ecosystems

Sample Queries

General

By Use Case

Monitor big movements

Predict what is happening in the market

Builder Fees

Vaults

Overview

Data Verticals

Solana

Hyperliquid 🌱

Bitcoin Ecosystem

EVM

Cosmos Ecosystem

Move Ecosystem

Other Ecosystems

​General

​By Use Case

​Monitor big movements

​Predict what is happening in the market

​Builder Fees

​Vaults

General

By Use Case

Monitor big movements

Predict what is happening in the market

Builder Fees

Vaults