Will Hyperliquid (HYPE) Reach $100?

What is Hyperliquid? 

Hyperliquid is a high-speed Layer‑1 blockchain built specifically for advanced instruments like spot, margin, and perpetuals trading. Launched in 2024, its native token is HYPE.

Hyperliquid is a DeFi platform that offers fast speeds through its unique blockchain design and beginner-friendly interface. As a result, Hyperliquid delivers speed, efficiency, and user experience typically only seen on centralized exchanges like Coinbase. 

In 2025, Hyperliquid controls 79% of the decentralized perpetuals market, with $6 billion in assets under management (AUM). Hyperliquid also recently received a $125 million USDC deposit from Galaxy Digital, signaling interest from institutions.

Can HYPE really reach $100? 

HYPE is currently trading near $43, with a circulating supply of ~334 million tokens. That places its market cap around $14–14.5 billion.

At a $100 price, the implied market cap rises to about $33 billion: a 2.5× jump. This is statistically achievable, though difficult. This would position HYPE among top altcoins and would likely require a surge in usage and adoption. 

Let’s compare that figure with the current crypto market: 

• Bitcoin: ~$2.3 trillion
  Ethereum: ~$500 billion
• Total crypto market: ~$4 trillion
• Hyperliquid (today): ~$14 billion

Why is HYPE’s price moving? 

• Perpetual dominance and institutional inflows: Hyperliquid holds nearly 80% of the decentralized perpetuals market by AUM! 
• Institutional trust signals: Galaxy Digital’s large USDC deposit reinforces confidence in HYPE’s infrastructure and growth prospects.
• Fundamental metrics showing strength: Analysts point to HYPE’s low supply-weighted P/E ratio. This indicates Hyperliquid may be undervalued relative to its growing revenues. 
• Relative momentum vs. BTC: HYPE recently hit an all-time high against Bitcoin, signaling strength and showing growing investment into HYPE. 

Is Hyperliquid a good investment?

Pros:

• Built for institutional-grade perpetual trading with fast speeds 
• The leading blockchain for DeFi derivative trading 
• Strong fundamentals (price is low relative to revenue)
  

Risks:

• Heavily reliant on perpetual derivatives trading. May see a price decrease if the market cools. 
• Hyperliquid is considered relatively centralized (just 20+ validators) compared to blockchains like Ethereum (more than 1 million validators)
• HYPE has a large token supply (330 million tokens), which may make sustained price growth difficult. A large amount of Hyperliquid’s supply has been set off for ‘core contributors’ (early investors and developers) and may be sold into the open market in the future, putting downward pressure on price.
  

Should I invest in Hyperliquid? 

Hyperliquid is a great choice for investors who are interested in investing in infrastructure that powers decentralized trading. It may not be a great choice for investors who are looking for broader use cases and a larger development community. 

Hyperliquid vs. Bitcoin vs. Ethereum

Let’s compare Hyperliquid’s use case to those of Bitcoin and Ethereum. 

• Bitcoin: Bitcoin is considered digital gold. Its limited supply makes it a potential hedge against inflation! 
• Ethereum: A smart contract blockchain built for decentralized apps like DeFi protocols and NFTs.
• Hyperliquid (HYPE): A blockchain specifically built for derivatives and other advanced trading instruments.

All three cryptocurrencies were designed for very different purposes. It’s possible that all three may see price growth in the future. 

Conclusion

HYPE’s growth depends on long-term demand by individuals and institutions for transparent, high-frequency DeFi trading.