- Arthur Hayes predicts a 126x rise in HYPE token value based on Hyperliquid’s growing share in stablecoin trading.
- Hyperliquid’s daily trading volume hit $1.56 billion with rising user activity and strong fee generation.
- HYPE token has jumped over 300% since April, showing strong market interest and increasing trading volume.
Former BitMEX CEO Arthur Hayes expects significant gains for the HYPE token over the next three years. Speaking at the WebX Asia conference in Tokyo, he projected a 126x increase in the token’s value.
He based this outlook on the growing stablecoin market and Hyperliquid’s expanding role in that space. Hayes estimated the global stablecoin supply could reach $10 trillion by 2028. He believes Hyperliquid could handle 26.4% of the trading volume linked to these assets.
Hyperliquid Trading Volume and Platform Growth
Over the weekend, Hyperliquid recorded a trading volume of $1.56 billion. Transaction fees reached $93 million, matching the July peak. The platform’s Total Value Locked stands at $685 million, close to its February high. Assets Under Management also exceeded $6.2 billion recently.
Open interest has climbed above $15 billion, while total wallet equity reached $31 billion. The platform’s decentralized structure has attracted high activity. Its spot BTC trading volume has now surpassed the combined 24-hour totals of Coinbase and Bybit.
Stablecoin Influence and U.S. Policy Impact
Hayes linked Hyperliquid’s potential to the growing use of U.S. stablecoins in global finance. He suggested upcoming policies like the GENIUS Act could promote this trend. Other countries may be encouraged by the U.S. to use a stablecoin backed by U.S. assets.
This change may resemble the Bretton Woods period, when the U.S. instruments were the tools of the global markets. If stablecoin demand rises, Hyperliquid stands to benefit as a key exchange.
Market Reaction and Token Activity
The HYPE token gained 2.49% in the last 24 hours. It traded at $45.14 after touching $47 earlier in the day. Since April, HYPE has climbed over 300%. The token now ranks among the top 15 crypto assets by market cap.
Its trading volume rose 78% to $278 million, reflecting strong interest from traders. Hayes used a 5% discount rate to estimate HYPE’s future revenue at $5.161 trillion. With a fully diluted valuation of $41.05 billion, this supports his 126x forecast.
Hyperliquid is positioning itself as an all-in-one decentralized exchange. The platform supports BTC, ETH, and SOL spot trading. Its recent rise in usage highlights its competitive stance against major centralized platforms.
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