Bitcoin News Today: HYPE Surges 4% as Hayes Predicts 126x Growth in Three Years

The HYPE token, native to the decentralized derivatives exchange Hyperliquid, has seen a nearly 4% increase in the last 24 hours, pushing its price above $45. This surge followed a bold prediction by Arthur Hayes, co-founder of the now-defunct BitMEX exchange, during the WebX 2025 conference in Tokyo. Hayes forecasted that HYPE could increase in value by up to 126 times over the next three years [1].

Hayes’ comments were tied to broader macroeconomic and financial trends, including the potential growth of US-backed stablecoins. He suggested that if the US manages to redirect a portion of the $10–13 trillion Eurodollar market into government-backed stablecoins, platforms like Hyperliquid could benefit significantly [2]. He noted that such a shift could elevate Hyperliquid’s annualized fees from the current $1.2 billion to as high as $258 billion [3].

Hyperliquid has been rapidly gaining market share in the decentralized trading space. In less than two years, it has captured over 75% of the decentralized perpetual exchange market, surpassing former market leader dYdX, which saw its dominance drop from 73% to 7% in a single year. The platform now processes up to $30 billion in daily trades, competing closely with centralized exchanges like Binance on certain trading pairs [4].

Recent on-chain data shows increased activity on Hyperliquid. Total open positions have exceeded 196,462, with open interest climbing above $15 billion. Wallet equity has peaked at $31 billion, and the platform recorded a trading volume of $1.56 billion over the weekend, according to DefiLlama [5]. Transaction fees have also reached $93 million, a July high [6].

HYPE’s market performance reflects the platform’s growing traction. The token is currently 8% below its all-time high of $49.86, with a market cap of $15 billion and a 78% jump in 24-hour trading volume, reaching $270 million. Analysts suggest that the token’s ability to break through key resistance levels, such as $48, will be critical in determining its next price movement [7].

Hayes’ prediction has intensified speculation about Hyperliquid’s future and its role in the DeFi ecosystem. The platform is now the second-largest Bitcoin spot venue globally, surpassing the combined volumes of Coinbase and Bybit [8]. This growth has been supported by large wallet activity and token buybacks, with $5.37 million in fees generated in the last 24 hours [9].

While the 126x growth forecast is speculative, it highlights the potential for Hyperliquid to become a major player in decentralized finance. Investors are advised to closely monitor market dynamics, price levels, and macroeconomic conditions as they assess the token’s future trajectory [10].

Source:

[1] Cointelegraph, Hyperliquid spikes as Arthur Hayes predicts 126x upside in ..., https://cointelegraph.com/news/hyperliquid-hype-spikes-arthur-hayes-predicts-126x-upside

[2] Coin Edition, Hyperliquid Hits $3.4B Volume, Hayes Sees 126x Price For ..., https://coinedition.com/hyperliquid-hits-3-4b-spot-volume-as-arthur-hayes-predicts-126x-hype-price-surge/

[3] CoinGape, Arthur Hayes Gives 126x Upside Potential for Hyperliquid ..., https://coingape.com/arthur-hayes-gives-126x-upside-potential-for-hyperliquid-at-a-massive-5-trillion-fdv/

[4] investx.fr, Crypto Analyst Arthur Hayes Forecasts x126 Potential for HYPE, https://investx.fr/en/crypto-news/crypto-analyst-arthur-hayes-forecasts-x126-potential-hype-5-trillion-valuation/

[5] Coin Gabbar, Hyperliquid Now 2nd Top BTC Spot Venue: Will HYPE ..., https://www.coingabbar.com/en/crypto-currency-news/hyperliquid-now-2nd-btc-spot-venue-arthur-hayes-hype-prediction?srsltid=AfmBOop8Ib8hmv1MfAf6P6WOiL-IGE1LDo8N0BHs1d_UkDFJFPmYZ1CM