Grayscale Research says Hyperliquid's HYPE (CRYPTO: $HYPE) token remains inexpensive beside fintech and crypto stocks, even as shares of its largest public-market treasury vehicle trade lower.
The ***** et manager valued Hyperliquid using "earnings per token," applying an equity-style framework to the protocol's fee generation and token supply. Grayscale expects Hyperliquid to produce roughly $1 billion in earnings in 2027, about 20% above 2025 levels, supported by recovering crypto trading volumes and a new stablecoin revenue stream.
With approximately 270 million HYPE circulating, Grayscale expects supply to reach between 270 million and 310 million tokens by the end of 2027. That would place projected earnings per token between $3.25 and $3.75.
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The ***** et manager valued Hyperliquid using "earnings per token," applying an equity-style framework to the protocol's fee generation and token supply. Grayscale expects Hyperliquid to produce roughly $1 billion in earnings in 2027, about 20% above 2025 levels, supported by recovering crypto trading volumes and a new stablecoin revenue stream.
With approximately 270 million HYPE circulating, Grayscale expects supply to reach between 270 million and 310 million tokens by the end of 2027. That would place projected earnings per token between $3.25 and $3.75.
More From Cryptoprowl:
TokenInsight Q2 2026 Report: TradFi Momentum Lifts MEXC to No. 2 in Commodity Perpetuals
#grayscale #expects
3 months ago
