Updated 2026-08-12 - public on-chain data - not financial advice
Blacklight (blacklight.observer) scores every Hyperliquid and Polymarket wallet for one thing: realizability - whether copying it would actually pay off 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 |
|---|---|---|---|---|---|---|
| 0xd0e6…ac21 | 87 | strong | +325% | 10d | two-way | survives the gauntlet; weakest dimension: persistence; edge credited from throughput: abou |
| 0x4a0b…e13a | 85 | strong | +351% | 1d | one-way | survives the gauntlet; weakest dimension: edge throughput; one-directional (not yet two-wa |
| 0x1b85…ea44 | 82 | strong | -14% | 3d | one-way | survives the gauntlet; weakest dimension: persistence; one-directional (not yet two-way co |
| 0x9387…6481 | 82 | strong | +160% | 12d | two-way | survives the gauntlet; weakest dimension: persistence; edge credited from throughput: abou |
| 0x5526…c730 | 82 | strong | +38% | 1d | one-way | survives the gauntlet; weakest dimension: persistence; one-directional (not yet two-way co |
| 0xbb5c…6ebb | 82 | strong | +42% | 3d | two-way | survives the gauntlet; weakest dimension: edge beyond its own exposure |
| 0x816b…ec51 | 82 | strong | +74% | 1d | two-way | survives the gauntlet; weakest dimension: persistence; edge credited from throughput: abou |
| 0x5ec5…8c2c | 79 | strong | +205% | 0d | two-way | survives the gauntlet; weakest dimension: persistence; edge credited from throughput: abou |
RS 0-100, a product of gates (copy-lag survival, de-levered edge, skill beyond market exposure, regime, persistence). Open any wallet's full X-Ray at blacklight.observer.
| wallet | RS | strategy | binding factor |
|---|---|---|---|
| 321cba | 57 | Discretionary trader | a follower entering an hour late captures ~96% of its bet value (measured on 16 recent ent |
| halomango | 46 | Live-event trader | a follower entering an hour late captures ~90% of its bet value (measured on 11 recent ent |
| mlbman | 37 | Live-event trader | a follower entering an hour late captures ~100% of its bet value (measured on 11 recent en |
| tokiodk | 32 | Live-event trader | a follower entering an hour late captures ~78% of its bet value (measured on 27 recent ent |
| dv-pm | 31 | Live-event trader | a follower entering an hour late captures ~81% of its bet value (measured on 10 recent ent |
| Kosherlocks | 30 | Live-event trader | a follower entering an hour late captures ~92% of its bet value (measured on 12 recent ent |
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.