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 an investment with the most upside.
Hayes said Hyperliquid is already large, making another 5x gain harder to achieve. Lower-market-cap tokens that have fallen more sharply, he argued, need less additional market value to produce higher multiples. WuBlockchain cautioned that Hayes has a weak record on market forecasts and said his valuation framework may be more useful than his price targets or timing calls.
Frequently asked questions
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Why does Hayes expect Hyperliquid to keep growing?
Hayes called Hyperliquid the best-run decentralized exchange and said he believes the project will continue to grow.
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Why does Hayes see a 5x gain as harder for Hyperliquid?
He said Hyperliquid is already large, so reaching another 5x would require substantially more added market value.
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How do smaller tokens compare in Hayes's investment argument?
Hayes argued that lower-market-cap tokens that have fallen more sharply may need less additional market value to deliver higher returns.
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Does Hayes's view of Hyperliquid's DEX quality amount to a return forecast?
No. Hayes distinguished his assessment of Hyperliquid as an exchange from its potential to deliver the highest investment return.
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What caution did WuBlockchain add about Hayes's outlook?
WuBlockchain pointed to Hayes's weak historical forecasting record and frequent changes of view. It suggested his analytical framework may be more useful than his price targets or timing calls.
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