The native token for the decentralized derivatives exchange Hyperliquid (HYPE) has seen a recent price surge after crypto entrepreneur Arthur Hayes predicted it could increase 126-fold over the next three years. As of Monday, the token was trading at $45.64, a nearly 4% gain in 24 hours.
Hayes, the co-founder of BitMEX, made his forecast at the WebX 2025 conference in Tokyo, projecting that the DEX’s annual fees could soar to $258 billion from its current $1.2 billion, driven by stablecoin expansion.
Hyperliquid Reaches New Milestones
This bullish prediction aligns with several recent records for the platform. Hyperliquid has seen all-time highs in key metrics, including:
- Total open positions at 198,397.
- Open interest exceeding $15 billion.
- Total wallet equity peaking at $31 billion.
- DEX volume reaching a record $1.56 billion over the weekend.
According to a report from data provider Redstone, Hyperliquid has rapidly captured over 75% of the decentralized perpetual exchange market within two years, processing up to $30 billion daily and rivaling the volume of major centralized exchanges like Binance on certain trading pairs. The platform’s total value locked (TVL) is currently $685 million. The HYPE token itself is trading just 7% below its all-time high of nearly $50, set on July 14.
August 2025, Cryptoniteuae
