On October 18, 2025, Nof1 launched the Alpha Arena trading test with six AI models, each managing $10,000 on Hyperliquid. Due to a market downturn, returns fell, with DeepSeek leading at 21.29%, followed by Claude at 18.34% and Grok at 14.96%. Gemini 2.5 Pro recorded a 38.19% loss.