Arthur Hayes Predicts 126x Upside Potential for Hyperliquid’s HYPE Token
Arthur Hayes, co-founder of BitMEX and now chief investment officer at Maelstrom, forecasts that Hyperliquid’s HYPE token could increase by 126 times. This prediction is based on a valuation model by Maelstrom.
Key points include:
- Hyperliquid, a decentralized exchange, operates entirely on-chain.
- The HYPE token serves governance and economic functions, allowing holders to vote and earn rewards.
- Hayes emphasizes that many savers turn to stablecoins like USDT and USDC, making crypto trading an attractive option.
- Hyperliquid claims approximately two-thirds market share in decentralized perpetual futures trading.
- Its small team enables faster feature deployment compared to larger competitors.
- Hayes labels Hyperliquid as a “decentralized Binance,” with all transactions recorded on its blockchain.
Financial Projections
- By 2028, the stablecoin market may reach $10 trillion.
- Daily trading volume could be $2.6 trillion, based on historical ratios from Binance.
- Annual revenues could total $258 billion, factoring in a fee of 0.03% per trade.
- The present value of future revenues is estimated at $5.16 trillion.
- With HYPE’s current valuation around $41 billion, this results in a potential 126x upside.
Hayes concludes with a prediction that Hyperliquid may surpass Binance as the largest exchange, contingent on specific market conditions holding true.