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Bitwise CIO values Hyperliquid at $600T, seeing it as a global asset market player, not just crypto.

Market News
19 May 2026
UToday
View Source
Bullish
pluang ai news

Bitwise CIO Matt Hougan argues that Hyperliquid is undervalued by Wall Street, targeting a $600 trillion global asset market rather than just the $3 trillion crypto sector. Hyperliquid's real asset sector shows strong growth with open interest hitting $2.6 billion and generating nearly 40% of blockchain fees recently, outperforming Ethereum and Solana. The HYPE token price has surged, supported by expanding ETFs and institutional interest like Goldman Sachs. Regulatory changes in the U.S. may soon allow Hyperliquid to operate a large-scale on-chain equities market, potentially unlocking its full market potential.

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