Arthur Hayes Gives 126x Upside Potential for Hyperliquid At A Massive $5 Trillion FDV
The post Arthur Hayes Gives 126x Upside Potential for Hyperliquid At A Massive $5 Trillion FDV appeared on BitcoinEthereumNews.com.
Speaking at the WebX Asia conference, BitMEX co-founder Arthur Hayes made a big revelation, expecting 126x upside for the Hyperliquid token, HYPE. Hayes believes that the native cryptocurrency could significantly benefit from the explosive growth in the decentralized exchange’s (DEX) revenue. HYPE price shot up 5% earlier today, despite the broader crypto market correction. Arthur Hayes Projects 126x Upside for Hyperliquid (HYPE) Token Former BitMEX CEO Arthur Hayes predicts a mega bull case for the HYPE token, driven by the expanding stablecoin market and the platform’s growing market share. According to Hayes’ analysis presented at the WebX Asia conference, Hyperliquid is positioned to capture significant value as the stablecoin market expands. His projections show the global stablecoin supply reaching $10 trillion by 2028, with Hyperliquid capturing a 26.4% share of the associated trading volume. This comes as the decentralized exchange (DEX) saw its Assets Under Management (AUM) recently crossing $6.2 billion. Hayes believes that this expansion will drive annualized revenues from the current $1.2 billion to $258 billion by 2028. Source: WebX Asia conference In his recent analysis, Hayes applied a 5% discount rate to calculate the terminal value of HYPE token revenues at $5.161 trillion. Thus, with a fully diluted valuation (FDV) at $41.05 billion, this creates what Hayes describes as a 126x upside potential for early investors. The 126x upside projection represents one of the most bullish forecasts for a DeFi protocol token. The recent forecast is much higher than $100 target for the HYPE token, which Arthur Hayes gave earlier this year. Overtaking Giants Like Coinbase and Bybit Decentralized exchange (DEX) Hyperliquid is challenging some of the biggest industry players like Coinbase and Bybit. The DEX is gaining traction as an “everything” exchange, serving across different industry participants. Ryan Watkins, the co-founder of Syncracy Capital said: “Just…
