HYPE token from Hyperliquid showed a 4% increase, reaching $45.64 following a positive forecast from Arthur Hayes.
Arthur Hayes' Prediction
At the WebX 2025 conference in Tokyo, Arthur Hayes, co-founder of BitMEX, stated that HYPE could increase in value by up to 126 times within the next three years. He suggested that the growing stablecoin market could boost Hyperliquid's annual fees from $1.2 billion to $258 billion.
Hyperliquid Records
Hyperliquid reached a record of 198,397 open positions. The open interest, representing the value of unsettled contracts, exceeded $15 billion, with total wallet equity reaching $31 billion.
Market Share and Trading Activity
According to a Redstone report, Hyperliquid controls over 75% of the decentralized perpetuals market and processes up to $30 billion daily, nearly matching Binance's volume on certain trading pairs.
The success of HYPE and Hyperliquid highlights the importance of strengthening positions in the decentralized finance market and the potential for continued growth.
