- Arthur Hayes predicts Hyperliquid’s HYPE token could surge 126x within three years at Tokyo’s WebX 2025 conference.
- Hayes expects Hyperliquid’s fees to grow sharply, from US$1.2B (AU$1.85B) to US$258B (AU$397.07B).
- He links this to stablecoin expansion, forecasting US$10T (AU$15.43T) supply and 26.4% market share.
BitMEX co-founder Arthur Hayes delivered an ambitious projection for Hyperliquid’s HYPE token, telling attendees at the WebX 2025 conference in Tokyo that its value could increase by as much as 126 times over the next three years.
HYPE experienced a short-term price jump following his forecast, with a nearly 4% gain in the past 24 hours. The token was trading at US$45.64 (AU$70.39) after briefly surpassing US$47 (AU$72.52).
Hayes tied his outlook to the expected expansion of stablecoins. He stated that Hyperliquid’s annualised fees could climb from today’s US$1.2 billion (AU$1.85 billion) to US$258 billion (AU$397.07 billion), driven by surging demand for decentralised derivatives and stablecoin-fuelled liquidity.
He argued that the global supply of stablecoins might reach US$10 trillion (AU$15.43 trillion) by 2028, with Hyperliquid potentially capturing 26.4% of that market. Hayes also revealed he had personally acquired 58,631 HYPE tokens.
Related: Ethereum Hits New All-Time High, as Arthur Hayes Eyes $20k Pricetag
Hyperliquid Hits Record Trading Levels
Hyperliquid, which specialises in perpetual futures trading, has seen record-breaking activity in recent days. According to Hypertracker, the platform reached 198,397 open positions on Monday, while open interest climbed beyond US$15 billion (AU$23.14 billion) and wallet equity peaked at US$31 billion (AU$47.83 billion).
At the same time, DefiLlama reported that weekend trading volumes hit US$1.56 billion (AU$2.40 billion), and transaction fees so far this month have matched July’s record US$93 million (AU$143.49 million).
Market data underscores Hyperliquid’s rapid rise. In under two years, it has grown to dominate more than 75% of decentralised perpetual trading, surpassing dYdX, and now handles up to US$30 billion (AU$46.29 billion) in daily transactions, rivalling Binance on certain pairs.
With HYPE just 7% below its all-time high of nearly US$50 (AU$77.14), Hayes’ bold prediction has added further momentum to a token already buoyed by market share gains and growing user demand.
Related: Hype or Real Season Ahead? Tapping Into Crypto Podcast On Alt Coin Buzz Hits 5-Year High
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