Arthur Hayes 126x HYPE Prediction Spurs 4% Token Surge and Record DEX Activity

Hyperliquid’s native token, HYPE, surged following a high-profile prediction from Arthur Hayes, co-founder of former crypto exchange BitMEX. Speaking at the WebX 2025 conference in Tokyo, Hayes told attendees that he expects the token to increase in value by a factor of 126 over the next three years [1]. This bullish forecast, delivered on July 15, appears to have triggered renewed interest in the platform, with HYPE rising nearly 4% in 24 hours to $45.64, and briefly peaking at over $47 earlier in the day [1].

Hyperliquid, a decentralized exchange for perpetual futures contracts, has seen a significant increase in activity. According to analytics platform Hypertracker, total open positions reached an all-time high of 198,397, with open interest—representing the value of unsettled contracts—rising above $15 billion. Total wallet equity also hit $31 billion, reflecting heightened user participation [1]. The platform’s decentralized exchange volume reached $1.56 billion over the weekend, and transaction fees have climbed to $93 million this month, a July record [1].

Data from Redstone indicates that Hyperliquid has rapidly captured market share, capturing over 75% of the decentralized perpetual exchange market in less than two years. Previously dominated by dYdX, the market now sees Hyperliquid processing up to $30 billion in daily volume on certain trading pairs, nearing the levels of centralized exchanges like Binance [1]. As of the latest data, HYPE is trading just 7% below its all-time high of just under $50, reached on July 14 [1].

Hayes attributed the potential for exponential growth to the expansion of stablecoin usage, which he expects to significantly boost the DEX’s annualized fees. At current levels, Hyperliquid’s annualized revenue is approximately $1.2 billion, but Hayes projected this could reach $258 billion as the platform scales [1].

The timing of the prediction coincided with growing institutional interest in the crypto space in Tokyo. WebX 2025, the event at which Hayes made the remarks, also featured collaborations between SBI and local authorities, signaling increasing regulatory and institutional support for digital assets in the region [3]. While no direct link has been drawn between Hyperliquid’s performance and the event, the convergence of influential forecasts and strategic partnerships may be reinforcing positive sentiment toward the sector [3].

Investors are urged to treat such forecasts with caution. Arthur Hayes’ prediction is speculative and not backed by disclosed earnings or performance metrics. The token’s price is currently driven by market sentiment and public statements rather than fundamental improvements in the protocol. As with all crypto assets, HYPE remains highly volatile, and future performance will depend on execution, market conditions, and broader adoption trends.

Source:

[1] Hyperliquid HYPE Spikes as Arthur Hayes Predicts 126x Upside (https://cointelegraph.com/news/hyperliquid-hype-spikes-arthur-hayes-predicts-126x-upside)

[2] BTCUSD - Hyperliquid Spikes as Arthur Hayes Predicts 126x (https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96693852/hyperliquid-spikes-as-arthur-hayes-predicts-126x-u)

[3] Arthur Hayes Predicts HyperliquidX (HYPE) Could Soar 126x by 2028 at WebX2025 (https://www.coinrank.io/)