The native token of the decentralized derivatives exchange Hyperliquid, HYPE, is gaining significant attention after a bullish forecast from prominent crypto entrepreneur Arthur Hayes. Speaking at the WebX 2025 conference in Tokyo, Hayes predicted a staggering 126x increase for the HYPE token over the next three years.
Hayes's bold prediction is rooted in the anticipated expansion of the stablecoin economy. He projects that as stablecoins grow, Hyperliquid's annualized fees could skyrocket from the current $1.2 billion to an astounding $258 billion. This massive potential for fee generation is a key factor in his valuation.
The news comes as Hyperliquid continues to show strong on-chain metrics. The platform, which specializes in perpetual futures, recently hit new records with 198,397 open positions and over $15 billion in open interest. Its trading volume also saw an all-time high of $1.56 billion over the weekend, with monthly transaction fees reaching $93 million.
Currently, Hyperliquid's total value locked (TVL) stands at $685 million, nearing its previous peak from February. The decentralized exchange is a dominant force in the market, capturing over 75% of the decentralized perpetual exchange market, solidifying its position as a major player in the DeFi space.
