Alex Svanevik

We have no idea who they are because they're just some person in their, I don't know,

bedroom trading and they're doing super well, but no one knows who they are.

And there's a bunch of those.

It used to be part of the definition, but we've actually removed that.

So now it's all behavior.

We discovered that the names don't actually reflect that much whether people are going to be successful at trading.

And so we eliminated that component.

And now you have to earn the smart money status.

based on your own on-chain trading performance so if you're really good at trading on hyperliquid you could become a smart perps trader which is kind of a subcategory of smart money if you're good at you know trading meme coins um even flipping nfts yield farming there's a bunch of different ways you can become smart money but the way i think about it is that you have

probably hundreds of millions of addresses that you could be looking at on-chain.

And so what we try to do is surface the signal and highlight the few thousand addresses that are actually smart and you want to follow what they're doing.

I do follow what's happening on-chain.

Increasingly, I'm using our mobile app called Nansen AI because I just find it's more convenient.

And it's an agentic user experience.

I can just talk to it.

I don't have to look at all the dashboards and slice the data, filter it, sort.

I can just go into the app and then ask it.

which tokens are smart money buying today.

And then it tells me.

And then I can be like, who are the top traders on Hyperliquid in the last seven days?