Bitwise Highlights HYPE as Undervalued Despite Strong Performance
- Hyperliquid’s native token, HYPE, has risen by 77% year to date.
- Bitwise’s Matt Hougan describes Hyperliquid as a potential “global super-app,” not just a crypto futures exchange.
- Nearly half of Hyperliquid’s trading volume is linked to non-crypto assets.
- SEC Chair Paul Atkins supports the concept of “super-apps” for trading multiple asset classes under one license.
- Arthur Hayes, co-founder of BitMEX, also expressed optimism about HYPE’s future performance.
Bitwise believes that HYPE is mispriced due to market perceptions and its current non-availability in the US regulatory environment. The platform aims to integrate various asset classes beyond crypto, aligning with recent trends among major exchanges.
With a significant YTD increase of 77%, HYPE is viewed as an undervalued asset in the crypto space, reflecting broader market opportunities beyond traditional crypto trading.(Source)
