- Former Bitmex CEO Arthur Hayes catalyzed a significant price movement in Hyperliquid (HYPE) with his prediction that the token’s value would grow 126 times in 2028.
Bitmex co-founder and former CEO Arthur Hayes recently made a bold prediction that pushed the price of Hyperliquid (HYPE) heading into Monday morning (UTC). The current Chief Investment Officer of Maelstrom forecasted at WebX 2025 in Tokyo that the token’s value will rally by 126 times over the next three years.
Hyperliquid Price Push to 126x by 2028
Hyperliquid got an 8% boost from a $43.42 low and a $47.23 high in the last 24 hours before settling at the $44 mark by 8:00 AM (UTC) today. This came with more than a 95% increase in the digital asset’s intraday trading volume, as $284 million worth of HYPE moved across crypto wallet addresses. Meanwhile, the token’s market cap peaked at $15.75 billion within the timeframe before a pullback by a billion at the time of this report.
The event coincided with Hayes’ analysis, stating that the rapid growth of stablecoins could propel their market cap to $10 trillion by 2028. He believes the Hyperliquid Layer-1 decentralized exchange (DEX) will directly benefit from the trend.
In this case, the accelerated demand could turn the DEX’s annualized fees to $258 billion in three years. The figures represent a colossal markup from its current $1.2 billion annualized revenue.
Hyperliquid, the chain hosting the HYPE governance and utility token, is known for its low fees, fast transactions, and advanced trading tools like perpetual derivatives. The platform embodies the best of both worlds in centralized and decentralized exchanges with its CeDeFi (centralized finance and decentralized finance) framework.
Stablecoins Forming the Backbone of Future Finance
In his presentation, Hayes highlighted that the USA’s staggering debt is influencing its decision to explore ways to fuel demand for its debt-driven notes. This starts with the incoming enforcement of the GENIUS Act.
To date, the world’s largest economy has already accumulated roughly $37.26 trillion in national debt, equivalent to a $108,610 debt per capita. The numbers come against the federal government’s $5.23 trillion tax revenue, $30.22 trillion gross domestic product (GDP), and $2 trillion budget deficit.
Hayes claimed the administration of President Donald Trump, through the guidance of Treasury Secretary Scott Bessent, will likely pressure the international community to adopt US stablecoins. This could be the next evolution of the global monetary system following the Bretton Woods Agreement that established the US dollar and gold as the pillars of foreign exchange.
The Maesltrom CIO argued that the mechanism will sustain the demand for US treasuries. Importantly, it will give the American government oversight on foreign dollar deposits. At the same time, the model will enable it to gain a considerable degree of monetary control in the broader geoeconomic landscape.
Furthermore, Hayes urged the audience to monitor capital flows within CEX and DEX to see the bigger picture.
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