According to Hayes, the platform's native token — $HYPE — could rise to $150 by the beginning of autumn. This, he says, could be facilitated by a change in the token distribution policy within the development team.
In January and February, the volume of coins entering the market from project creators decreased from 20% to just 1%. The team intentionally limited sales to support the asset's price.
"Hyperliquid is currently the most profitable crypto project, excluding stablecoin issuers. The platform directs 97% of its revenue to buy back HYPE tokens from the open market. No other project in the industry returns such a share of profits to asset holders," said Hayes.
According to the co-founder of BitMEX, trading volumes of precious metals on the platform reach hundreds of millions of dollars per day.
"Such tools will be the main driver of Hyperliquid's revenue growth to the target level of $1.4 billion per year," emphasized the investor.
Hayes also touched on the issue of manipulation in the decentralized exchange market. According to him, some platforms use special programs to simulate trading activity. Unlike them, Hyperliquid has one of the highest quality liquidities in the industry, the entrepreneur believes.
Earlier, Arthur Hayes reported that, in addition to Bitcoin, his cryptocurrency portfolio includes three other altcoins — Ethereum, Zcash, and the HYPE token.