Arthur Hayes: Hyperliquid Could Overtake Binance, HYPE Increases 126 Times?
Arthur Hayes – co-founder of
#BitMEX and currently CIO of Maelstrom – has made a bold prediction: Hyperliquid's HYPE token could increase by up to 126 times, opening the prospect of this project becoming the “next-generation Binance.”
According to Hayes, the continued money printing by governments will devalue fiat currency, driving demand for stablecoins and pulling users deeper into the crypto ecosystem. At the center of this flow is
#Hyperliquid – a fully on-chain derivatives exchange, currently accounting for 75% of the decentralized derivatives market share, with an experience comparable to Binance but with absolute transparency.
The token $HYPE plays a core role: it is used for governance, profit-sharing staking, and is closely tied to the exchange's revenue. Notably, the HIP-3 upgrade transforms Hyperliquid into a “global permissionless financial marketplace,” allowing anyone to build their own market on the platform.
In the pricing model, Hayes predicts that by 2028 stablecoins will reach $10 trillion; if Hyperliquid maintains a fee of 0.03% and corresponding volume, annual revenue could reach $258 billion, pushing the fair value of HYPE above $5 trillion – representing an upside of 126 times from the current level.
HYPE has also continually set new peaks, with supply shrinking significantly, and revenue surpassing both
$ETH and
$SOL . Additionally, the ETP product tracking HYPE has been listed on the SIX Swiss Exchange, paving the way for institutional capital.
👉 Hayes concludes: “The King is dead. Long live the King” – implying that Hyperliquid is fully capable of succeeding Binance in the DeFi era.
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