Arthur Hayes Envisions Monumental Growth for Hyperliquid’s HYPE Token
During the WebX 2025 conference in Tokyo, Arthur Hayes, co-founder of BitMEX, made an audacious prediction regarding Hyperliquid’s HYPE token, estimating that its value could potentially soar by 126 times over the next three years. His forecast coincided with a brief surge in HYPE’s price, which rose nearly 4% within 24 hours, reaching US$45.64 (approximately AU$70.39) after briefly climbing past US$47 (around AU$72.52).
Hayes’ forecast for Hyperliquid is closely tied to the anticipated expansion of the stablecoin market. He remarked that the platform’s annualised fees could increase dramatically, from the current US$1.2 billion (AU$1.85 billion) to a staggering US$258 billion (around AU$397.07 billion). This growth is expected to be driven by increasing demand for decentralised derivatives and liquidity sourced from stablecoins.
Hayes also projected that the total supply of stablecoins might reach US$10 trillion (AU$15.43 trillion) by 2028, with Hyperliquid poised to capture an impressive 26.4% of this burgeoning market. Demonstrating his confidence, Hayes disclosed that he personally holds 58,631 HYPE tokens.
Record Performance of Hyperliquid
Hyperliquid has recently witnessed a surge in trading activity, particularly in the realm of perpetual futures. According to data from Hypertracker, the platform recorded 198,397 open positions as of Monday, with open interest exceeding US$15 billion (about AU$23.14 billion) and wallet equity reaching a peak of US$31 billion (approximately AU$47.83 billion).
DeFi data aggregator DefiLlama reported that trading volume over the weekend reached US$1.56 billion (AU$2.40 billion), while transaction fees for the month have approached the record level of US$93 million (AU$143.49 million) set in July.
Hyperliquid’s rapid ascent in the DeFi space is evident; it has secured over 75% of the decentralised perpetual trading market within just two years, outpacing competitors like dYdX and processing daily transactions of up to US$30 billion (around AU$46.29 billion), rivaling even established exchanges such as Binance on specific trading pairs.
As HYPE sits just 7% shy of its all-time high near US$50 (AU$77.14), Hayes’ formidable prediction has provided an extra catalyst for a token already benefiting from increasing market share and user interest.
Conclusion
Arthur Hayes’ bullish outlook on the Hyperliquid platform and its HYPE token reflects not only his confidence in the project but also indicates potential market trends driven by stablecoin expansion. As Hyperliquid continues to break trading records and capture a significant share of the decentralised trading market, the trajectory of HYPE could play a vital role in shaping the future of cryptocurrency investments.
This concise summation encapsulates the key points from the original article while providing a unique perspective on the implications of Hayes’ predictions and Hyperliquid’s recent performance in the cryptocurrency market.
