Hyperliquid $HYPE to $100 once Bitcoin re-establishes an uptrend
Hyperliquid has found product market fit as the most used on-chain perpetual swap decentralized exchange in crypto. It is consistently among the top 5 in daily revenue among all crypto blockchains, applications, on-chain products etc, most recently often coming up in 3rd behind stablecoin comanies circle (usdc) and tether (usdt). What separates Hyperliquid from the market isn't an irreplicable ux/ui, a completley novel or broad defi offering, no - what separates Hyperliquid is its design, community, and team.
Hyperliquid is often talked about as one of the only projects truly building in the original vision of crypto. The team took no VC funding, issued a massive airdrop to the community, and paid themselves only in $ HYPE. The incentives here between the team and the community are well aligned for long term success. Jeff, the founder of Hyperliquid often talks about wanting to build the blockchain to houses all of finance and is owned by the people. Recently Hyperliquid achieved two major milestones, one is the launch of spot Bitcoin available to trade, deposit, and withdraw from the Hyperliquid exchange, and the other was the launch of the HyperEVM, allowing developers to deploy applications on the Hyperliquid blockchain. Both of these verticals will be developed further (more spot, and perpetual offerings, as well as more revenue from applications on the EVM), and this could easily lead to Hyperliquid surpassing Circle in daily revenue before the end of 2025. Now you might be asking, why does the revenue matter for $ HYPE, because most tokens are not designed for any sort of direct value accrual from the native blockchain. Most tokens have insignificant revenue and even if it were to increase it likely would not directly benefit the users (the token price could go up, but the revenue is likely directly benefiting the VCs who funded the project). However, with Hyperliquid, not only is the revenue significant because they built a flagship app with product market fit, it directly benefits the holders of $ HYPE token as a significant portion (%s reported vary between 50+% -95%) goes to buying back HYPE. Since the token generation event at the end of October, the Hyperliquid Assistance Fund (where revenue goes to buy back $ HYPE) has purchased 4.776% of the circulating supply, almost 16 million $ HYPE tokens worth just over 307 million dollars ($ HYPE 19.2 at time of writing). The assitance fund is consistently buying over a million dollars in $ HYPE per day and this number has clear path for growth from multiple angles.
TLDR: Hyperliquid is relatively mispriced versus Solana and Ethereum, and while crypto is in the gutter at the moment, $ HYPE has held up moderately but relatively well. I would not be surprised to see $ HYPE trade as low as $10-$13.5, but this token has the best fundamentals in the game. Additionally, arguably the most competent and incentive aligned team. The market will reprice this over time. Staking hyperliquid or using the hyper EVM has a nonzero chance of being rewarded with another $ HYPE airdrop in the future, as there are still more locked tokens designated for community rewards. $ HYPE to $100+ once Bitcoin re-establishes an uptrend.
Hyperliquid is often talked about as one of the only projects truly building in the original vision of crypto. The team took no VC funding, issued a massive airdrop to the community, and paid themselves only in $ HYPE. The incentives here between the team and the community are well aligned for long term success. Jeff, the founder of Hyperliquid often talks about wanting to build the blockchain to houses all of finance and is owned by the people. Recently Hyperliquid achieved two major milestones, one is the launch of spot Bitcoin available to trade, deposit, and withdraw from the Hyperliquid exchange, and the other was the launch of the HyperEVM, allowing developers to deploy applications on the Hyperliquid blockchain. Both of these verticals will be developed further (more spot, and perpetual offerings, as well as more revenue from applications on the EVM), and this could easily lead to Hyperliquid surpassing Circle in daily revenue before the end of 2025. Now you might be asking, why does the revenue matter for $ HYPE, because most tokens are not designed for any sort of direct value accrual from the native blockchain. Most tokens have insignificant revenue and even if it were to increase it likely would not directly benefit the users (the token price could go up, but the revenue is likely directly benefiting the VCs who funded the project). However, with Hyperliquid, not only is the revenue significant because they built a flagship app with product market fit, it directly benefits the holders of $ HYPE token as a significant portion (%s reported vary between 50+% -95%) goes to buying back HYPE. Since the token generation event at the end of October, the Hyperliquid Assistance Fund (where revenue goes to buy back $ HYPE) has purchased 4.776% of the circulating supply, almost 16 million $ HYPE tokens worth just over 307 million dollars ($ HYPE 19.2 at time of writing). The assitance fund is consistently buying over a million dollars in $ HYPE per day and this number has clear path for growth from multiple angles.
TLDR: Hyperliquid is relatively mispriced versus Solana and Ethereum, and while crypto is in the gutter at the moment, $ HYPE has held up moderately but relatively well. I would not be surprised to see $ HYPE trade as low as $10-$13.5, but this token has the best fundamentals in the game. Additionally, arguably the most competent and incentive aligned team. The market will reprice this over time. Staking hyperliquid or using the hyper EVM has a nonzero chance of being rewarded with another $ HYPE airdrop in the future, as there are still more locked tokens designated for community rewards. $ HYPE to $100+ once Bitcoin re-establishes an uptrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.