Hyperliquid’s HYPE Token: Arthur Hayes Predicts 126x Explosive Growth Potential

Arthur Hayes spots a sleeping giant in DeFi—Hyperliquid's HYPE token could deliver returns that make traditional finance look like it's moving in slow motion.

The 126x upside thesis

Hayes isn't throwing around numbers lightly. His bullish case hinges on Hyperliquid's unique positioning in the perpetual swaps market—cutting through legacy exchange inefficiencies like a hot knife through butter.

Infrastructure that actually works

While other chains stumble under load, Hyperliquid's custom blockchain handles derivatives trading without gas fees or mempools. It just processes trades—no drama, no excuses.

The institutional whisper

Smart money's already circling. When crypto OG's like Hayes talk 126x moves, hedge funds suddenly remember how to spell 'alpha' again.

Regulatory dodging act

Hyperliquid's non-US focus lets it bypass the SEC's innovation-stifling bureaucracy—because nothing kills growth like asking permission for every decimal point move.

Bottom line: Hayes' track record suggests this isn't mere hype. In a world where central bankers print returns away faster than you can say 'quantitative easing', 126x might just be the new breakeven.

He ties the calculation back to his broader thesis -- that weak money forces people into stablecoins and stablecoins push them into crypto speculation, with Hyperliquid as the rails for that activity and HYPE the token that captures the economics.

Hayes closes with a bold prediction. “The King is dead. Long live the King,” he wrote, arguing Hyperliquid could surpass Binance as the world’s largest exchange and that Jeff Yan could one day rival CZ’s wealth.

The model depends on big assumptions: a $10 trillion stablecoin market, Hyperliquid holding a Binance-level share, fees holding at 0.03% and discount rates staying low. If those conditions break, so does the outcome.

But Hayes’s through-line is simple. If the world saves in stablecoins, the speculation that follows will happen on-chain — and in his view, Hyperliquid is already in the lead.