The native token that empowers the decentralized derivatives exchange Hyperliquid is one of several tokens to post a benefit within 24 hours, as crypto businessman Arthur Hayes told an audience in Tokyo that he expected it to 126x over the next three years.
Hyperliquid (hype) gained about 4% in the last 24 hours and now traded at $ 45.64 – even soon to reach more than $ 47 earlier in the day.
Bitmex co-founder Arthur hayes The forecast was held at the WebX 2025 Conference in Tokyo on Monday at the local time.
Hayes says stablecoin expansion will push the Dex’s The annual fee at $ 258 billion while the current annual income is only $ 1.2 billion.
Hyperliquid is a decentralized exchange for eternal futures, derivative contracts without an expiry date, allowing speculators to take positions in crypto assets without the owner of them.
Open perps, DEX volume in a high time
Hyperliquid The total open position struck a full time high of 198,397 on Monday, According to On the platform of hypertracker analytics.
Meanwhile, the open interest, or the value of the contracts has not been repaired, climbs above $ 15 billion, and the total equity has dropped to $ 31 billion.
Hyperliquid Dex volume also hit a full time $ 1.56 billion over the weekend, According to In Defillama. Transaction fees also reached the entire July time of $ 93 million until this month.
Related: Hyperliquid Revenue Surge while taking users from Solana: Vaneck
Defillama also shows that the total amount locked for the derivatives Dex is currently $ 685 million, shy only at February’s climax.
Hyperliquid competition with food
Data provider Redstone published a comprehensive Report In the exchange last week in which they said, “In a less than two years, they went from zero to continue to obtain more than 75% of the entire decentralized market exchange,” previously held by Dydx.
Hyperliquid is now processing up to $ 30 billion days, “close to matching Binance’s volume in several pairs,” he added.
Hype hits an all-time high only below $ 50 on July 14 and is currently just 7% away from that climax.
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