Grayscale's Hype for HYPE: A Reality Check in a Cryptocurrency Landscape Gone Wild Grayscale Research recently assessed Hyperliquid's HYPE token as "still cheap" relative to fintech and crypto stocks.
This valuation call is based on the notion that HYPE will generate substantial revenue in 2027, courtesy of recovering crypto trading volumes and a new stablecoin income stream.
The asset manager expects Hyperliquid to produce around $1 billion in earnings for that year, which would translate to projected earnings per token between $3. 25 and $3. 75.