WuBlockchain
Arthur Hayes called Hyperliquid the best-run decentralized exchange in a September 12 interview with VirtualBacon and said he expects the project to keep growing. He drew a distinction, however, between a strong business and a high-return investment.
Hayes said Hyperliquid is already large enough that another 5x gain would be difficult. In his view, smaller tokens that have fallen further need less additional market value to deliver a higher multiple.
WuBlockchain cautioned that Hayes has a poor historical record on market forecasts and often revises his views. It suggested his valuation framework may be more useful than his price targets or timing calls.
Frequently asked questions
-
Why does Hayes see less return upside in Hyperliquid?
He says Hyperliquid is already large, so another 5x gain would require substantial additional market value.
-
Does Hayes expect Hyperliquid to keep growing?
Yes. He said in the September 12 interview that he expects the project to continue growing.
-
Why did Hayes compare Hyperliquid with smaller tokens?
He argued that lower-market-cap tokens that have fallen further may need less additional market value to deliver higher return multiples.
-
Was Hayes criticizing how Hyperliquid runs its exchange?
No. He called Hyperliquid the best-run decentralized exchange while questioning its potential investment returns at its current scale.
-
What caution did WuBlockchain add about Hayes's views?
WuBlockchain said Hayes has a poor historical record on market forecasts and often revises his views. It suggested his analytical framework may be more useful than specific targets or timing calls.
Whale Alert
TheBlock
Lookonchain
Crypto Rank News
CryptoSlate
CoinDesk