Hyperliquid Price Prediction: HYPE Forecast for 2026

Hyperliquid became one of the breakout standouts of 2025, leading both in growth rate and narrative strength. The project entered 2026 at the same clip: while Bitcoin and most of the market pulled back, HYPE crypto price gained roughly 150% on the back of rising activity across HIP-3 markets.

The main Hyperliquid price prediction question for the market is whether the HYPE crypto price can break higher, or if price action will remain confined to its previous range.

In this article, we examine the HYPE price prediction from several angles: the current price, the chart, Hyperliquid’s fundamentals, trading volume, revenue, buybacks, ETF inflows, AQA v2, HIP-4, and token unlocks. We’ll also take a closer look at the Hyperliquid price prediction 2026, and Multicoin Capital’s investment thesis.

What Is Hyperliquid?

Hyperliquid is a Layer 1 blockchain and decentralized exchange for spot and perpetual futures. The network is built on HyperCore, an on-chain order book where orders, cancellations, trades, and liquidations occur within a network with one-block finality. HyperCore supports up to 200,000 orders per second. Another solution, HyperEVM, allows Ethereum-compatible applications to run within the Hyperliquid ecosystem.

Understanding “what is Hyperliquid?” is essential for HYPE price prediction, partly because the token is linked not only to market demand, but also to the internal processes of the project itself. HYPE is used for gas fees in HyperEVM, staking, governance, and buybacks.

The Hyperliquid exchange currently has about $230 billion in 30-day combined trading volume, with annualized fees of $1.07 billion and annualized revenue of $828 million.

Hyperliquid trading volume and revenue. Source: defillama.com

The Hyperliquid ecosystem is already expanding beyond trading. HIP-3 introduced builder-deployed perpetual contracts: third-party teams can launch their own perpetual markets on HyperCore and are responsible for market parameters, oracles, leverage limits, and settlement. HIP-4 enabled trading in event-based contracts, similar to those found on prediction platforms like Polymarket and Kalshi.

The growth of HIP-3 and HIP-4 goes beyond signaling demand by directly driving Hyperliquid revenue. At the start of the year, daily HIP-3 volume sat around $60 million. It now stands at $834 million, marking a nearly 14x increase. Meanwhile, HIP-4 daily volume climbed from $3 million to $11 million, representing a near 4x jump.

The protocol channels 99% of collected trading fees into the Assistance Fund to buy the token from the market. As a result, rising volumes simultaneously boost Hyperliquid revenue and the scale of HYPE buybacks, directly influencing the token performance.

Thus, the Hyperliquid price depends not only on overall market conditions, but also on growth in trading volume, buybacks, new platform features, and demand for HYPE within the network.

HYPE Price Today: Current Market State

HYPE price today is holding steady at around $70.6. On the 4-hour chart, the Hyperliquid price remains in an uptrend that began on June 25. The most recent surge occurred on July 2. After that, the HYPE crypto price approached the swing high zone around $71.4.

HYPE price chart on the H4 timeframe. Source: tradingview.com

On the daily HYPE chart, the price is still trading within the $56.3-$75.8 range that formed before the previous ATH was set. Until the price breaks above $75.8, the Hyperliquid chart indicates a recovery within the larger range rather than a breakout into a new range.

By comparison, BTC is down 27.3% year-to-date, ETH has dropped 39.2%, and SOL has fallen 38.3%. Over the same period, HYPE surged 164.8%, driving its price up more than 2.6 times.

These stats align with the latest catalysts driving HYPE’s growth: spot HYPE ETFs, Coinbase as a USDC treasury deployer, AQA v2, Hyperliquid Strategies, and HIP-4. These factors are analyzed in detail in HYPE Crypto Price Review: Hyperliquid Analysis 2026. Check it out!

HYPE Technical Analysis: What Does the Hyperliquid Chart Says?

On the current Hyperliquid chart, the token is trading around $70.6. The price has already risen above the local levels seen in late June and approached the $71.4 zone, but the key resistance level remains higher, at $75.8-$76.7. On the D1 chart, HYPE is still trading within the $56.3-$75.8 range.

Therefore, Hyperliquid technical analysis now comes down to one question: can the price hold above the upper boundary of this range?

In the community, this pattern is described as a “cup and handle” on the daily chart. HYPE hit a new ATH of around $76 on June 16, then fell to $52 in late June and rebounded toward resistance. A daily close above $76, followed by a retest of that level from above, would be considered breakout confirmation. EMA-based support levels are $65.58, $61.14, and $53.79. Based on this pattern, analysts have derived a HYPE price target in the $95-$100 range.

HYPE technical analysis according to Bitget analysts. Source: bitget.com

BITmarkets analysts provide a simpler range: support around $55 and resistance around $75. In their scenario, HYPE will either break through its ATH and push higher, or continue consolidating between $55 and $75. If $55 is lost, attention shifts to lower levels, including the $22 area.

MEXC analysts believe that without an acceleration in ETF inflows and buybacks, the price could remain in the $50 to $70 range, while a retest of $76.7 will depend on the strength of demand around the ATH.

Hyperliquid (HYPE) Fundamental Analysis

From the perspective of Hyperliquid (HYPE) fundamental analysis, the asset should be valued based on Hyperliquid revenue, rather than only on market demand for the token. Hyperliquid is first and foremost an exchange: users trade, the protocol earns fees, and 99% of those fees are directed to the Assistance Fund. This fund buys HYPE on the market.

Therefore, when valuing HYPE, the key variables are Hyperliquid trading volume, Hyperliquid revenue, the portion of fees allocated to Hyperliquid buybacks, and the multiple applied to future earnings.

Thus, HYPE’s value is derived not from a single event, but from recurring trading activity: the higher the trading volume on Hyperliquid, the higher the fees, and the more funds can flow into the buyback mechanism.

According to current data, combined Hyperliquid trading volume over the past 30 days is approximately $230 billion: $225.6 billion comes from perps and $4.58 billion from DEX volume. Annualized fees total $1.07 billion, while annualized Hyperliquid revenue stands at $828 million.

Compared with Q2 2025, Hyperliquid’s current 30-day combined trading volume is almost unchanged, down 4.8%. Fees, however, rose by 48.5%, while revenue increased by 21.9%. Over the same period, the price of HYPE rose by 90%.

Hyperliquid’s trading volume, annualized fees, revenue, and HYPE price: Q2 2025 vs current levels. Source: coinlaunch.space

If volume, fees, and revenue keep growing, they could become one of the factors pushing HYPE higher. And with new sources of demand and trading volume emerging in recent months, that growth could be meaningful.

• AQA v2 is set to direct revenue from USDC reserves to the Assistance Fund.
• HIP-4 added outcome markets inside Hyperliquid.
• Hyperliquid Strategies holds HYPE as a treasury asset and gives public-market investors access to the token through PURR shares.

Risks remain: competition from other DEXs, regulation, governance, bad debt, and HYPE token unlocks, which could put selling pressure on the token.

The next token unlock is scheduled for August 6, 2026. Under the base vesting schedule, it could reach up to 9.92 million HYPE. This represents roughly 0.99% of the token's maximum supply, valued at approximately $628 million at a HYPE price of around $63.35. However, 9.92 million HYPE is a theoretical maximum rather than the actual sell pressure entering the market.

By comparison, core contributors received only 452,000 HYPE in July, worth $29 million. This accounts for 0.045% of the maximum supply and close to 0.2% of the circulating volume. Meanwhile, Hyperliquid allocated roughly $44 million to buybacks over the last 30 days, which is about 1.5 times the value of the actual July unlock, making Hyperliquid a deflationary asset under the current model (at least for now).

If the August distribution remains close to the actual figures from previous months, the current buyback volume should absorb the impact. If the full 9.92 million HYPE hits the market, however, the monthly buybacks will cover only about 7% of that value.

HYPE Price Prediction: Today, Tomorrow, and the Next 30 Days

The HYPE crypto price is currently hovering around $70-71. For the next 24 hours, the trading range remains unchanged: below $76-76.7, the price is still moving inside the range rather than confirming a breakout. A daily close above $76, followed by a retest from above, is needed to confirm the move. The current HYPE price prediction depends on how the price reacts to the upper and lower boundaries of the range.

HYPE price prediction for the next 30 days. Source: tradingview.com

The 30-day Hyperliquid price forecast comes down to two levels. The upper boundary is $76-76.7. If the price consolidates above this zone, the HYPE price target is $95-$100. The lower zone is $60-65, where the handle low and EMA support are located, including the 20-day EMA at around $65.58.

On the other hand, without stronger ETF inflows and Hyperliquid buybacks, the price may remain in the $50-$70 range, while a retest of $76 will depend on how investors react around the ATH.

Hyperliquid Price Prediction 2026

For the Bitget analysts, the key range in the Hyperliquid price prediction for 2026 remains $75-100. HYPE has already risen by approximately 205% from its January level of around $25 and is now trading below its June all-time high (ATH) of $76.70. 

The $95-100 Hyperliquid crypto price prediction becomes a realistic target only after a daily close above $76 and a retest of that level from above. Without that confirmation, the HYPE crypto price may return to the $55-75 range, which was also highlighted by BITmarkets.

A more aggressive HYPE price prediction for 2026 is tied to the $150 target promoted by Arthur Hayes, who is known for calls such as his $10 target for ENA. According to CoinStats analysts’ calculations, $100 per HYPE would imply a market cap of about $22 billion, $150 would imply about $33 billion, and $200 would imply about $45 billion. For comparison, Solana’s current market cap is $47 billion.

Meanwhile, in Coincodex’s Hype price prediction 2026, we may see a near-term correction to the $52-$54 range. The forecast for the end of 2026 sits at $54. The long-term outlook remains bullish: Hyperliquid price prediction 2030 is $231, representing a 244% increase, and $283 in 2040. 

Hyperliquid price prediction chart. Source: coincodex.com

Sentiment currently remains bullish, although the Fear & Greed Index sits at 25 and the RSI at 48 points to a neutral market state.

Is HYPE a Good Investment?

To answer the question, is HYPE a good investment, it is better to look at how funds that study token economics frame the investment case: where the protocol’s revenue comes from, where the fees go, and how this connects to HYPE. The most up-to-date analysis we found comes from Multicoin Capital, a crypto investment firm that publishes research on assets within its focus areas.

Disclaimer: Multicoin discloses that its funds hold HYPE, so the report should not be treated as a neutral recommendation.

According to Multicoin’s analysis, HYPE differs from many DeFi tokens because its valuation can be linked to Hyperliquid’s revenue. Users trade on Hyperliquid, the protocol earns fees, and a significant portion of those fees goes to the Assistance Fund. The fund buys HYPE on the market and burns the tokens.

Because of this, Multicoin views HYPE more like an asset tied to earnings, rather than only to narrative or governance.

In its base case, Multicoin projects that by 2028, the crypto derivatives market will grow to $210 trillion in annual volume, DEXs will account for 32% of that market, and Hyperliquid will keep about 30% of DEX market share. Based on these assumptions, the report projects $8 billion in annual earnings, a valuation of approximately $160 billion, and a HYPE price above $319 at a 20x earnings multiple. The bear case is $109 per HYPE, while the bull case is $689.

Multicoin’s HYPE price prediction. Source: coinlaunch.space

Multicoin’s track record on older valuation reports is mixed. For REP, only the bear case played out after publication. For ZRX, the price reached the bear and base targets and came close to the bull target, but did not technically break through it. For DRIFT, only the bear case played out. For JTO, neither the base nor the bull targets materialized after publication.

Therefore, Multicoin’s HYPE thesis should be read as an investment model built on assumptions, not as a guarantee that the token will reach its base target.

Our View: HYPE has strong utility, but its staking yield remains a weak spot. To evaluate it against the market, we compared the average staking APR over the past year for the five tokens with the largest Staking Market Cap: ETH, SOL, HYPE, BNB, and TRX.

Average staking APR for the five tokens with the largest Staking Market Cap. Source: stakingrewards.com

HYPE’s yield of 2.24% turned out to be among the lowest. This creates a weaker incentive for long-term investors, as they earn less passive income for holding the token, and the staking itself provides lower yield to the user.

For active Hyperliquid traders, the situation looks better. Staking HYPE lowers trading fees, so the overall return becomes quite solid when taking fee discounts into account.

HYPE Alternatives: $GOOD as Another Way to Get Hyperliquid Exposure

Investing in HYPE is the most obvious but not the only way to capitalize on the growth of the Hyperliquid ecosystem. Smaller ecosystem tokens may offer higher potential returns, whereas HYPE already carries a high valuation and yields just 2% APR for staking.

One option is GOOD, the utility token of goodcryptoX. This trading platform adds tools missing from Hyperliquid's native interface: trailing stop orders, as well as DCA, Grid, and Signals bots. goodcryptoX supports trading across 30 centralized exchanges and five blockchains. Unlike Hyperliquid itself, it is available on mobile devices.

GOOD holders receive a share of the project's revenue: 50% of the distributable revenue from DEX fees is paid out to eligible holders every 24 hours. By default, payouts are automatically used to buy GOOD on the open market. The average APY for the past week stood at 27%, even as the token itself gained 9% over the same period. GOOD token price chart. Source: goodcrypto.app

And the more product releases arrive from the company, or the more the Hyperliquid ecosystem grows, the more revenue the company generates and the higher the APY per token you will be receiving. And of course, the rising APY is always a rising buy pressure for the asset.    

The APY mechanics work as follows:

• If revenue and the GOOD price grow at comparable rates, the APR stays roughly the same, but holders earn additional returns from token appreciation.
• If revenue stays flat while GOOD gains value, returns come from price growth.
• If the token price declines while revenue remains stable or increases, the APR goes up because the same payout amount represents a larger share of the token's value.

The model relies on a real product that fills Hyperliquid's functional gaps. Following the launch of the DCA bot, DEX trading volume through goodcryptoX grew ninefold, and it reached $3.4 million after adding Solana and routing through Jupiter. Further volume growth can boost revenue, revenue-share payouts, and demand for GOOD.

An additional 10% of revenue from swap fees, subscriptions, and CEX rebates goes toward market buybacks and burning GOOD. Ultimate NFT holders can increase their calculated revenue-share allocation by 50%. To participate in revenue sharing, users must hold at least 10,000 GOOD in a goodcryptoX wallet.

Thus, for users looking at HYPE alternatives, GOOD is another way to gain exposure to the same trend.

Final Thoughts

The Hyperliquid price prediction 2026 depends on two sets of factors: HYPE’s market structure and Hyperliquid’s fundamentals. In the short term, the HYPE crypto price remains tied to the ATH range and the $75-100 scenarios. In the broader picture, the key factors are trading volume, revenue, buybacks, ETF inflows, AQA v2, HIP-4, and demand for HYPE within the Hyperliquid ecosystem.

From an investment perspective, HYPE is tied to Hyperliquid’s growth as trading infrastructure. That means the token should be evaluated through its earnings and buyback mechanisms.

For those who do not want to limit themselves to simply buying HYPE, there is another option: $GOOD with its revshare and burn mechanics and emerging product built within the same Hyperliquid ecosystem.