The current cryptocurrency market is in a state of extreme division: opening the Fear and Greed Index, the pointer is still firmly stuck in the "Extreme Fear" range, even colder than when FTX collapsed; yet when you take a glance at the market, Hyperliquid (HYPE) is quietly tracing an independent upward curve.
As of March 12, 2026, the HYPE price has stabilized at $36, with a weekly increase of over 11%. In a market filled with despair, BitMEX founder Arthur Hayes once again made headlines: "The target price for HYPE is $150, with five times the potential."
1. Why is it the 'most authentic DEX'?
Hayes dares to call out $150, backed by a core metric: ADV/OI ratio (average daily trading volume/open interest).
In the cryptocurrency world where fake transactions are rampant, Hyperliquid's ratio is the lowest among leading DEXs. This means its trading volume is not generated by bots faking trades, but by real users putting in real money.
Even harsher is its distribution mechanism. Unlike traditional giants that lock profits in company vaults, Hyperliquid uses 97% of its revenue for buybacks and burning HYPE. This extreme deflationary logic makes every on-chain transaction fuel for boosting the coin price.
2. HIP-3: Bringing 'Nasdaq' on-chain
If HYPE is just a tool for speculative trading, it won't go far. But the emergence of the HIP-3 protocol has enabled it to achieve a cross-dimensional strike.
Now, users can directly trade perpetual contracts linked to traditional assets on Hyperliquid, such as crude oil (CL) or US stock indices.
A magical reality is happening: Among the top 30 pairs by HYPE trading volume, only 10 are cryptocurrencies, while the rest are stocks and commodities.
Gold surge? Transaction fees flow to HYPE.
Crude oil bungee jumping? Liquidation profits flow to HYPE.
As the community's big V said: 'Even if the world is at war, holding HYPE is the best decision.' Because it captures global speculative desires, not just the ups and downs of the cryptocurrency market.
3. The 'ticket' for a fivefold target
To achieve the $150 target, Hayes calculated a figure: the platform's annual income needs to increase from the current $840 million to $1.4 billion.
Although the activity of developers is clashing with the sluggish market sentiment, this is precisely where the opportunity lies. When retail investors exit due to fear, smart money is hedging global risks through Hyperliquid, which offers 24/7 uninterrupted trading without KYC.
Survival tips for the square:
Understand the income structure: 99% of projects peak upon launch because they lack real income support, while HYPE's buyback and burn is driven by actual cash flow.
Beware of emotional misalignment: Extreme fear often indicates a smoothing of the bottom, and when emotions warm up and annual income crosses the billion mark, the $36 HYPE may become a distant memory.
Pay attention to commodity linkages: Since HYPE has become the base camp for 'on-chain stock investors', focusing on crude oil and the Nasdaq is more valuable than tracking BTC.
In this financial fog of 2026, is HYPE the fivefold miracle mentioned by Hayes, or just another overvalued bubble? At least for now, the buyback and burn flamethrower has been activated. Will you choose to get in at $36, or wait until it shoots up to $150 to buy in?
Want to know how to use the HIP-3 protocol to hedge your real asset risks? Or want to delve deeper into Hayes' accumulation path? Like and follow, see you in the comments section! #hype #ArthurHayes $HYPE
