2035? Why not say that aliens have invaded Earth

The perpetual contract exchange Hyperliquid's $HYPE token has recently attracted attention — investment firm Cantor Fitzgerald has made an interesting prediction: by 2035, this token is expected to rise to $200.
Does it sound aggressive? But their logic is actually like this: the HIP-3 improvement proposal will become the main driving force for growth. However, this prediction also has to face reality — high-yield competitors like Lighter DEX are eyeing closely, and the competitive pressure is considerable.
Interestingly, a core assumption of the entire report is that the share of centralized exchanges is continuously flowing out and will eventually move towards the DEX ecosystem. This reflects a larger trend: traders are gradually embracing the convenience and autonomy of decentralized trading. In this broader context, whether Hyperliquid can stabilize its market position with improved solutions and innovative mechanisms or will be impacted by the new wave of DEX remains worth continuous attention.