Hyperliquid (HYPE) Price Prediction: Hayes Forecasts $5,000 Target by 2028 — 126x Explosive Growth Potential

Arthur Hayes drops bullish bomb: Hyperliquid poised for monumental rally

The Path to Five Figures

Hyperliquid isn't just another DeFi protocol—it's rewriting the rulebook on decentralized trading. Hayes sees institutional adoption accelerating as traditional finance finally wakes up to on-chain efficiency.

Market Mechanics Unleashed

Superior throughput and near-zero fees cut through legacy system inefficiencies like a hot knife through butter. The architecture bypasses traditional liquidity bottlenecks that plague conventional exchanges.

Adoption Tsunami Incoming

Real-world applications are exploding beyond speculative trading. Institutions hungry for yield and efficiency are diving in—while traditional banks still debate whether to upgrade their fax machines.

Risk and Reward Calculus

Sure, hitting $5,000 requires everything to go right. But in crypto, betting against visionaries like Hayes has historically been... an expensive lesson in hubris.

TLDR

• Arthur Hayes predicted HYPE could rise 126x to over $5,000 by 2028 at Tokyo’s WebX conference
• HYPE rallied 9% from $43 to $47.40 following Hayes’ forecast before settling around $45
• Hyperliquid controls roughly 80% of the decentralized perpetual futures market in just over a year
• Platform hit all-time highs with 198,397 open positions and $1.56 billion weekend trading volume
• Hayes expects stablecoin market growth to $10 trillion will drive platform revenue to $258 billion

Former BitMEX CEO Arthur Hayes delivered a bullish price prediction for Hyperliquid at the WebX 2025 conference in Tokyo on Monday. He expects the HYPE token to increase 126x over the next three years.

Watching @CryptoHayes predict HYPE pumping 126x in Tokyo.

Hyperliquid. pic.twitter.com/PL8xI0gcsB

— Alex Svanevik 🐧 (@ASvanevik) August 25, 2025

This forecast WOULD push HYPE from its current price around $40 to more than $5,000 per token by 2028. The prediction represents a major upgrade from Hayes’ earlier $100 price target from this year.

HYPE responded to the news with a sharp rally. The token jumped roughly 9% from $43 to around $47.40 during Monday’s session.

The price gains made HYPE one of the few cryptocurrencies to post positive returns on Monday. Most other digital assets faced selling pressure during the same period.

Hayes built his forecast around expectations for massive stablecoin market growth. He projects global stablecoin supply will reach $10 trillion by 2028.

The former exchange executive believes Hyperliquid could capture roughly 26.4% of associated trading volume. This scenario would drive annualized platform revenues from $1.2 billion today to $258 billion.

Platform Shows Strong Growth Metrics

Hyperliquid has established itself as a dominant force in decentralized perpetual futures trading. The platform captured roughly 80% of this market in just over a year of operations.

This represents rapid growth in a competitive space previously dominated by dYdX. Data provider Redstone noted the platform went from zero market share to over 75% control in less than two years.

Monday brought several all-time highs for platform activity. Total open positions reached a record 198,397 according to Hypertracker analytics.

Open interest climbed above $15 billion during the same period. Total wallet equity peaked at $31 billion on the platform.

Weekend trading volume also set new records. DEX volume hit an all-time high of $1.56 billion according to DefiLlama data.

Transaction fees reached $93 million this month. This matches July’s all-time high for monthly fee revenue.

Trading Activity Reaches New Heights

Hyperliquid now processes up to $30 billion in daily volume according to the Redstone report. This approaches matching Binance’s volume on some trading pairs.

The platform ranks second among decentralized exchanges by monthly trading volume. It processed over $17 billion, trailing only Uniswap in DefiLlama rankings.

HYPE trading volume increased 112% to $295 million in the past 24 hours. This surge followed Hayes’ price prediction at the Tokyo conference.

The token briefly traded above $47 during Monday’s rally. Current price sits at approximately $45, representing a 2.1% daily gain.

HYPE hit an all-time high of $49.8 in July. The token has rallied roughly 300% from this year’s low point.

Current market cap stands at $15.05 billion. The token was trading just 7% below its record high at publication time.

Total value locked for the derivatives platform currently sits at $685 million. This figure remains just below its February peak level.