Hayes Predicts HYPE Token Could Soar 126x Over Three Years

Highlights:

• Arthur Hayes forecasts the HYPE token could jump 126x to $5,670 in three years from the current $45 price.
• Hyperliquid’s trading volume and assets under management continue to reach record highs.
• The decentralized exchange outperformed Coinbase and Bybit in BTC spot trading recently.

Arthur Hayes, the former BitMEX CEO, expects the HYPE token to surge as much as 126 times in the next three years. Speaking at the WebX Asia conference in Tokyo on Monday, he highlighted Hyperliquid’s strong position to benefit from the growing stablecoin market. Hyperliquid is a decentralized exchange for perpetual futures, letting traders take leveraged positions on crypto without owning the assets.

Hayes forecasted that the global stablecoin supply could reach $10 trillion by 2028, with Hyperliquid capturing about 26.4% of the trading volume linked to these assets. The decentralized exchange recently saw its Assets Under Management climb past $6.2 billion. He believes this growth could boost Hyperliquid’s annual revenues from $1.2 billion today to an impressive $258 billion by 2028.

Hayes said the USA’s huge debt is pushing it to find ways to increase demand for its notes. This will start with the new GENIUS Act. Hayes said Trump’s administration, led by Treasury Secretary Scott Bessent, may push countries to use US stablecoins. This could be the next step in the global monetary system, after the Bretton Woods Agreement set the US dollar and gold as the main standards.

Hyperliquid Sees Strong Trading and Growing Token Activity

The decentralized derivatives exchange’s native token was one of the rare gainers in the last 24 hours. HYPE climbed nearly 2.49%, trading at $45.14 at the time of writing, after briefly surpassing $47 earlier in the day. Meanwhile, open interest, the total value of unsettled contracts, rose above $15 billion, while total wallet equity reached $31 billion.

Over the weekend, Hyperliquid’s decentralized exchange reached an unprecedented trading volume of $1.56 billion, with transaction fees climbing to $93 million, equaling July’s record, according to DefiLlama. Hyperliquid’s total value locked (TVL) is now $685 million, just below its February high.

Hayes’ latest analysis used a 5% discount rate, estimating the HYPE token’s terminal revenue at $5.161 trillion. With a fully diluted valuation of $41.05 billion, he sees a potential 126x gain for early investors. This 126x projection stands as one of the most optimistic predictions for a DeFi protocol token. It far exceeds the $100 target Hayes had set for HYPE earlier this year.

Hyperliquid Gains Popularity as Leading Crypto Exchange

Hyperliquid is emerging as a strong competitor to leading platforms such as Coinbase and Bybit. The DEX is emerging as an “all-in-one” exchange, catering to a wide range of users. Co-founder of Syncracy Capital, Ryan Watkins, noted, “Recently, BTC spot trading on Hyperliquid surpassed the 24-hour volume of Coinbase and Bybit combined.”

Hyperliquid is quickly becoming a top exchange for spot trading BTC, ETH, and SOL. Recently, the platform has experienced increased activity, particularly with Unit/Hyperliquid, with all systems functioning seamlessly. Hyperliquid handled huge BTC deposits and ETH withdrawals in minutes. Its BTC trading beat Coinbase and Bybit combined.