Hyperliquid (HYPE) Price Could Hit $150 by 2026? Check out Arthur Hayes’ Analysis!

Updated

March 11, 2026

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Gambar Hyperliquid (HYPE) Price Could Hit $150 by 2026? Check out Arthur Hayes’ Analysis!

Jakarta, Pintu News – BitMEX Co-Founder Arthur Hayes revealed that the Hyperliquid token could reach $150 by August 2026 if the exchange platform manages to return strong revenue growth and continues to take market share from centralized exchanges.

At the time of Hayes’ analysis, HYPE was trading at around $30. An increase to $150 would represent about a 5x increase in about six months. At the time of this writing, CoinMarketCap listed HYPE’s price at $34.

Hayes argued in a recent blog post titled “$HYPE Man” that token exchanges tend to perform well during slow or uncertain crypto markets as trading platforms keep generating fees despite stagnant prices.

Hyperliquid Revenue Model Drives Positive Predictions

Hyperliquid is currently the crypto project with the largest revenue outside of stablecoins. According to Hayes, about 97% of the protocol’s revenue is used to buy back HYPE tokens from the open market.

Hayes’ model assumes that Hyperliquid’s 30-day annualized revenue will rise from $843 million in March to $1.4 billion in August. The exchange had previously reached a revenue level of $1.4 billion in August last year.

If earnings return to those levels and the market values the token with a higher earning ratio, the token price could increase sharply.

Small Market Share Increase Can Double Revenue

Hyperliquid does not require a major expansion in global crypto derivatives activity to achieve Hayes’ revenue targets.

The platform only needs to capture a 3.97% increase in perpetual futures market share from centralized exchanges to reach an annualized revenue level of $1.4 billion.

Trading perpetual futures is one of the largest segments in the crypto market. If traders move a fraction of their activity from centralized exchanges to Hyperliquid, the revenue of this protocol could grow rapidly.

Hayes noted that a similar dynamic occurred during the previous cycle. Decentralized exchange GMX reached $90 in April 2023 after dominating perpetual DEX volume and distributing protocol revenue to token holders.

HIP-3 Drives New Trade Volume

Hyperliquid’s HIP-3 system enables perpetual market listing without permissions. Anyone who stakes 500,000 HYPE tokens can launch a new trading pair using the exchange’s engine.

Projects have started to utilize this system to create new markets. TradeXYZ launched perpetual contracts tied to gold, silver, Nasdaq 100, and S&P 500.

Although these markets are less than three months old, they already handle daily trading volumes of hundreds of millions to billions of dollars, as noted by Hayes.

The HIP-3 product currently generates about 10% of Hyperliquid’s total revenue despite only being around for four months.

Hayes expects HIP-3 revenue to grow 160% between March and August, helping to push total protocol revenue up by 66% over the same period.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

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