Arthur Hayes: Based on the financial model, HYPE will reach $150 in August 2026

DeepFlowTech · 2026-03-09T11:59:20+00:00

Arthur Hayes analyzes the decentralized derivatives exchange Hyperliquid and its token $HYPE, predicting a target price of $150 by 2026, representing significant growth from the current $30. Hayes highlights the platform's advantages in the crypto market and the revenue boost from the HIP-3 protocol, expecting a 160% increase in revenue over the next six months. The price-to-earnings ratio is below industry peers, and the target price model is based on annualized revenue returning to historical highs.

DeepFlowTech

2026-03-09 11:59:20

Abstract generation in progress

Deep Tide TechFlow News, March 9th, Arthur Hayes recently published an analysis of the decentralized derivatives exchange Hyperliquid and its token $HYPE. Based on a financial model, he set a target price of $150 by August 2026, about 5 times higher than the approximately $30 price at the time of writing.

Hayes pointed out that during sideways or downward crypto markets, exchange tokens tend to perform relatively well. Hyperliquid is currently the largest non-stablecoin revenue source in the entire crypto space, with 97% of its income used for $HYPE buybacks.

Its core growth assumption relies on the HIP-3 protocol, which supports permissionless creation of perpetual contract markets. It currently covers traditional assets like gold, silver, and the Nasdaq, contributing about 10% of platform revenue within four months of launch. Hayes’s model predicts HIP-3 revenue will grow 160% over the next six months, and the upcoming HIP-4 prediction market protocol is also seen as a potential additional revenue source.

In terms of valuation, $HYPE’s current price-to-earnings ratio is about 12, lower than CME’s approximately 26 and Coinbase’s around 40. Hayes’s target price model assumes a P/E ratio of about 25, based on the platform’s annualized revenue returning to a historical high of $1.4 billion.

HYPE12,96%

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