Hyperliquid climbs as Bitwise touts tokenisation scale
Hyperliquid’s HYPE token has remained close to record levels after a sharp September advance, supported by rising derivatives activity, institutional investment products and a fee-funded buyback mechanism, while Bitwise chief investment officer Matt Hougan has separately argued that tokenised real-world assets could eventually reach $200 trillion. HYPE touched an all-time high around $88-$90 this…
Hyperliquid's HYPE token has recently hit record levels, buoyed by higher derivatives activity, institutional investments, and a buyback mechanism funded by token fees. CEO Matt Hougan stated that tokenized real-world assets could reach $200 trillion in the future. HYPE reached an all-time high of $88-$90 this month, with its market value nearing $20 billion.
The rally was driven by Hyperliquid's core perpetual-futures business, where trading activity fuels token buybacks through the Assistance Fund. Institutional demand has grown, with US-listed HYPE ETFs attracting investments and individual wallets accumulating HYPE for staking. Bitwise launched a spot HYPE ETF in May, providing regulated exposure to the token.
Hougan sees Hyperliquid as a multi-asset trading platform due to HIP-3, which enables independent builders to launch perpetual markets for various assets beyond cryptocurrencies. Hougan's $200 trillion valuation is part of his broader thesis on tokenizing $600 trillion worth of global assets, including equities, bonds, and real estate.
He has estimated that institutions, including pension funds and central banks, hold $100-$200 trillion in assets, which could significantly flow into digital assets like HYPE with minor allocations.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
