TLDR
- Hyperliquid rallied from $43 to $47.4 after Arthur Hayes predicted a 126x price increase over three years
- Hayes forecasts HYPE could reach over $5,000 per token by 2028 based on stablecoin market growth
- The platform controls roughly 80% of the decentralized perpetual futures market in just over a year
- Trading volume hit $295 million in 24 hours with a 112% increase
- Total open positions reached an all-time high of 198,397 on Monday
Hyperliquid experienced a sharp price rally after former BitMEX CEO Arthur Hayes shared his price predictions at a Tokyo conference. The token jumped roughly 9% from $43 to around $47.4 before settling back to approximately $45.
Hayes made his forecast at the WebX 2025 conference in Tokyo on August 25. He expects HYPE to rise over 126x in price over the next three years.
This would take the token’s value from its current level around $40 to more than $5,000 per HYPE. The prediction marks a major increase from his earlier $100 calls from this year.
The rally placed HYPE among the few gainers in the crypto market on Monday. Most other cryptocurrencies faced downward pressure during the same period.
Hayes based his forecast on expectations for Hyperliquid to capture a large share of the growing stablecoin market. He projects that global stablecoin supply will reach $10 trillion by 2028.
According to Hayes, Hyperliquid could take roughly 26.4% of associated trading volume. This would push annualized revenues from $1.2 billion today to $258 billion.
The platform has shown strong growth metrics to support these projections. Hyperliquid has become a major player in decentralized perpetual futures trading.
Data shows the platform captured roughly 80% of the market in just over a year. This represents a quick rise in a competitive space.
Hyperliquid HYPE Price Prediction
Hyperliquid’s total open positions hit an all-time high of 198,397 on Monday. The data comes from the Hypertracker analytics platform.
Open interest climbed above $15 billion during the same period. Total wallet equity peaked at $31 billion according to the tracking data.
DEX volume also reached an all-time high of $1.56 billion over the weekend. DefiLlama provided these volume statistics.
Transaction fees have reached July’s all-time high of $93 million so far this month. The fee revenue shows increased platform usage.
DefiLlama data shows Hyperliquid ranks second among decentralized exchanges by monthly trading volume. The platform processed over $17 billion, behind only Uniswap.
The exchange also became the most productive company in the world by revenue per employee. It generates over $1 billion in annualized revenue with just an 11-person staff.
Token Performance Shows Strong Momentum
HYPE has posted strong performance throughout the year. The token hit an all-time high price of $49.8 earlier in July.
The token has rallied roughly 300% from this year’s low point. Current market cap stands at $15.05 billion.
Trading volume in the past 24 hours increased 112% to $295 million. This shows increased interest following Hayes’ comments.
The token briefly traded above $47 during Monday’s rally. It has since pulled back but remains in positive territory for the day.
Current price sits at approximately $45, representing a 2.1% daily gain. This performance outpaced most other cryptocurrencies on Monday.
Data provider Redstone published a report highlighting Hyperliquid’s rapid market capture. The platform went from zero to over 75% of the decentralized perpetual exchange market in less than two years.
Hyperliquid now processes up to $30 billion daily according to the report. This volume approaches matching Binance’s volume on some trading pairs.
The total value locked for the derivatives DEX currently sits at $685 million. This figure remains just below its February peak level.
