Key facts
- Arthur Hayes predicts Hyperliquid (HYPE) will surpass Solana in market capitalization.
- Arthur Hayes reiterated a $150 price target for HYPE.
- Arthur Hayes made a $100,000 charitable bet on HYPE outperforming Solana.
- Phantom generated over $20.6 million in revenue on the Hyperliquid decentralized exchange.
- Phantom accounted for 31.8% of total revenue from the top 10 builders on Hyperliquid.
- Phantom attracted 137,496 users on Hyperliquid.
- OpenSea is reportedly integrating with Hyperliquid for perpetual futures trading.
- Hyperliquid holds over 44% market share in perpetual trading.
- Hyperliquid has handled $3 trillion in volume.
- Arthur Hayes sold his entire Zcash (ZEC) holdings.
- The Humanity (H) token surged 65% to a new record high.
- The SurgeXRP presale filled over 10% of its soft cap.
BitMEX co-founder Arthur Hayes has forecast that the Hyperliquid (HYPE) token will overtake Solana in market capitalization before the conclusion of the current market cycle. Hayes reiterated his previous price target of $150 for HYPE, anticipating this level to be reached by mid-year, attributing the expected growth to the decentralized exchange's increasing popularity and its strategy of fee-based token buybacks. Further demonstrating his conviction, Hayes has placed a $100,000 charitable bet that Hyperliquid will outperform Solana and other leading cryptocurrencies by the end of the year. He expressed strong belief in HYPE's future price movements, suggesting its potential to surpass Solana during the ongoing bull run.
In developments related to the Hyperliquid ecosystem, Phantom has emerged as the leading revenue generator through its builder program, accumulating over $20.6 million. This Solana-native wallet represented 31.8% of the total revenue generated by the top 10 builders on Hyperliquid and attracted the largest user base with 137,496 users. Additionally, the NFT marketplace OpenSea is reportedly preparing to launch perpetual futures trading by integrating with Hyperliquid. This strategic move would expand OpenSea's offerings into the crypto derivatives market, a sector where Hyperliquid already commands over 44% market share and has facilitated $3 trillion in trading volume. Hyperliquid, operating as a 24/7 decentralized crypto platform, is exhibiting price action that is independent of Bitcoin, with TD Securities noting its perpetual futures are outperforming traditional exchanges in markets such as oil and pre-IPO stocks.
Separately, Arthur Hayes has divested his entire Zcash (ZEC) holdings following disclosures of a vulnerability within the Orchard Pool. Hayes cited his inability to cryptographically confirm that counterfeiting had not occurred as the rationale for exiting this position, which was part of his prior "Holy Trinity" trade that also included HYPE and NEAR. He indicated that he still holds Worldcoin (WLD) as his investment linked to artificial intelligence. In a broader market trend, the Humanity (H) token has reached a new record high, experiencing a 65% surge amid a general rally in AI-themed cryptocurrencies, reflecting heightened investor interest in the convergence of artificial intelligence and digital assets. The SurgeXRP presale, a new project within the XRP ecosystem, has also reported success, filling over 10% of its soft cap and aiming to attract investors interested in XRP-related opportunities, with a leaderboard expected soon.