Arthur Hayes predicts Hyperliquid’s HYPE token could surge 126x by 2028, citing Trump’s expansionary monetary policy, massive stablecoin growth, and Hyperliquid’s rising market share against Binance. Hayes estimates $2.6 trillion in daily trading volume and $258 billion in annual revenue, projecting HYPE’s market cap to exceed $5 trillion, though skepticism about such optimism remains.
Crypto celebrity Arthur Hayes predicts Hyperliquid (HYPE) will reach 126 times its current value by the end of 2028. According to him, the price drivers will be US monetary policy under Trump and Hyperliquid’s market power.
Hyperliquid (HYPE) is one of the success stories of the crypto year 2025, having reached a new all-time high of $51 just last week. According to crypto celebrity Arthur Hayes, the concept of the decentralized crypto exchange Hyperliquid and the linked altcoin HYPE will set even greater records. In a recent blog post, Hayes explains why Hyperliquid’s revenue will continue to explode until the end of 2028, and why HYPE should be worth up to 126 times its current value.
It is expected that $10 trillion will be invested in stablecoins like Tether (USDT) by the end of his term. Low interest rates will encourage investors to engage in riskier strategies such as trading crypto derivatives on Hyperliquid, Hayes predicts.
Currently, the centralized crypto exchange Binance is the global market leader in the derivatives sector. Around 26 percent of the capitalization of all stablecoins is traded on it on many trading days, according to Hayes. But Hyperliquid is increasingly succeeding in taking market share away from Binance .
Now, Arthur Hayes makes it quite simple in his model calculation and assumes that Hyperliquid also attracts 26 percent of the market capitalization of all stablecoins for derivatives transactions. At 10 trillion, that would be $2.6 trillion in daily trading volume at Hyperliquid. Assuming Hyperliquid’s current average fees of 0.03 percent, that would add up to a massive $258 billion annually, which would be collected by HYPE.
HYPE currently has a theoretical total market capitalization of just over $40 billion. However, based on stablecoin capitalization and trading volume figures at Hyperliquid, Hayes concludes that HYPE should reach a market capitalization of just over $5.1 trillion by the end of 2028 – meaning it has 126 times the potential, according to Hayes.
For comparison: The leading cryptocurrency Bitcoin currently has a market capitalization of just under $2.2 trillion. Hayes has set a price target of $250,000 for Bitcoin this year, which would make a capitalization of $5 trillion possible. Could HYPE even overtake Bitcoin? Arthur Hayes doesn’t rule it out.
Ripple has forecast a stablecoin capitalization of $3 trillion in the coming years. Hayes’s $10 trillion estimate is therefore extremely high. And it’s far from certain that Hyperliquid will dominate the derivatives market in the future, as Binance has long done.
It’s typical Arthur Hayes: His hyper-optimistic forecasts make headlines and predict scenarios where everything plays out exactly as he predicts. In addition, Hayes is a market participant himself and represents his own interests. So, his predictions for Hyperliquid and HYPE shouldn’t be taken at face value. But the actual reasoning is charming: President Trump is running the money printing machine, and a significant portion of it is flowing into stablecoins.
These, in turn, offer opportunities to try your luck trading crypto derivatives on Hyperliquid, while at the same time, the DEX continues to capture market share from Binance. Ultimately, HYPE also benefits from this, as evidenced by a 1,300 percent gain since its debut in December 2024. HYPE’s next goal is likely to break into the prestigious top ten of the most capitalized cryptocurrencies. The path seems to be clear, with neither Cardano nor Dogecoin generating nearly as much momentum as Hyperliquid and HYPE as challengers.
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