Grayscale Investments highlights that the HYPE token, linked to the Hyperliquid protocol, still appears attractively priced relative to publicly traded fintech companies despite significant price gains earlier this year. The token's value is assessed using an earnings-per-token metric, projecting about $1 billion in earnings by 2027, driven by increased crypto trading volumes and new stablecoin revenue streams. Circulating supply adjustments and earnings forecasts suggest a forward earnings multiple of 15 to 18 times, which is modest compared to traditional fintech firms. This suggests HYPE may be undervalued, although risks like slower revenue growth or faster token supply expansion remain. Institutional interest in decentralized trading platforms is growing, with multiple exchange-traded products now offering exposure to HYPE.
A whale who held Hyperliquid (HYPE) tokens for a year has secured nearly $140 million in profits by staking and then selling tokens gradually. This exit reduces major selling pressure on HYPE, but institutional selling continues as Multicoin Capital ...
Hyperliquid opened its HIP-4 outcome-market infrastructure to outside venues on August 29, leading to a near tripling of daily trading volume within three days, from about $545,000 to $1.97 million, later reaching $2.75 million. Two external venues, ...
Ondo Finance has formally requested the SEC and CFTC to approve perpetual futures contracts on individual US equities, arguing that current security futures regulations already allow these products without needing new laws. The company’s Panama-based...
Lighter is conducting daily buybacks of its LIT token, maintaining its price above $3.94 using a $250 million float. This strategy stabilizes LIT's market performance and may trigger a short squeeze in Hyperliquid, as suggested by social media. Marke...
Bitcoin traded above $77,600, recovering from a recent dip, while XRP led gains with a nearly 3% rise to $1.36. Other cryptos like BNB and Solana also saw modest increases, but Ether lagged below $2,400. Despite the rebound, the broader crypto market...
