HyperliquidHyperliquid will consolidate for a while, but I believe eventually we will reach 100s of dollars per token.
Total circulating supply is around 28%. I don't believe the team will need to sell for the next year, (and their team tokens are locked for that time).
This means the marketcap and FDV can be treated equivalently for the purpose of this trade, as the timeframe is short.
The EVM and native spot assets will make Hyperliquid the definitive best decentralized exchange. Orderbooks are inherently superior to AMMs. I believe short term, Hyperliquid can realistically trade 4-10b daily during its peak months. The valuation would easily reach 30-40b, by accounting for the layer 1 premium. However, this is a function of buying, therefore it is best if spot listings happen sooner than later.
