HYPE to the Moon?

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A Most Singular Partnership

  • It appears that Phantom’s union with Hyperliquid may be the commencement of a most grand vision – the ‘everything exchange.’ Certain astute analysts have opined that HYPE‘s value may increase by a factor of three, reaching the dizzying height of $120, should this vision come to fruition 🚀.

This week, Hyperliquid [HYPE] achieved a most notable milestone in its adoption. It entered into a partnership with Phantom wallet, thereby empowering its perpetual markets for a staggering 10 million users 🤯.

Needless to say, many a sage investor now believes the platform to be undervalued, and that it shall eventually surpass those most venerable institutions, the centralized exchanges (CEXs) 💸.

The Esteemed Opinions of Venture Capitalists

Indeed, Ryan Watkins, the illustrious Founder of crypto VC Syncracy Capital, observed that Hyperliquid shall serve as the liquidity provider, or layer, for Phantom and other players who shall doubtless follow in its footsteps 🚶‍♂️. He remarked,

“When I first underwrote Hyperliquid, I assigned little value to builder codes. I now believe it’s one of the most important features that enables Hyperliquid to outcompete CEXs 🤔.”

Here, the builder codes refer to those most ingenious referral tools that permit third parties to route users or apps to the Hyperliquid exchange, and, in return, earn a most satisfactory fee 💸. In other words, any protocol, app, or other wallet, such as MetaMask, may choose to offer perps by simply plugging into Hyperliquid 🔌.

The app or wallet users shall be leveraging the Hyperliquid system, all without their knowledge or consent, much like a benevolent fairy godmother waving her magic wand ⚡️. A liquidity layer, or infrastructure as a service, if you will 🤖. Furthermore, there exists a HIP-3 (Hyperliquid Improvement Proposal) that would permit other players to establish their own perps market upon the Hyperliquid layer 1 📈.

This would allow builders to share Hyperliquid fees, an incentive that analysts believe could drive further adoption 🚀. Summing up the potential, Watkins added,

“This means you get magic moments like onboarding 10M+ Phantom users in one-shot 🔫. In the future, this could mean a large regional fintech offering access to Hyperliquid in their users’ local language 🌎.”

In conclusion, Hyperliquid may become an “everything exchange,” Watkins opined 🤔.

For perspective, Hyperliquid has attracted nearly $400 million in cumulative revenue, with approximately 40k daily users thus far 📊.

With Phantom’s +10 million users, it would generate more revenue, according to another VC, Simon Dedic of Moonrock Capital 🤑. He echoed Watkins’ position and said,

“Now imagine how much fees the best crypto apps will print once we are at tens of millions of daily active users or even more 🤯.”

Previously, Watkins had projected that Hyperliquid could hit $100 billion in market cap as perps become more popular 📈.

A similar projection was made by A1 Research in June, stating that it could hit $70 billion – $120 billion within a year 📆. That would mean a 2x or 3.5x growth from press time levels, implying a price target range of $69 to $120 🤑.

In short, HYPE possesses immense growth potential, should its “everything exchange” vision be fully executed and achieved 🚀.

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2025-07-11 10:20