Bitwise calls Hyperliquid's HYPE one of crypto's most undervalued assets!

Bitwise, one of the most closely watched crypto asset managers, has singled out Hyperliquid's HYPE token as among the most undervalued assets in the current crypto market. The call carries weight given Bitwise's track record of early institutional conviction on emerging crypto infrastructure plays.

Hyperliquid has built a reputation as a high-performance on-chain perpetuals exchange, and HYPE — its native token — has attracted growing attention from traders and analysts tracking decentralised derivatives volume. A Bitwise endorsement at this stage positions HYPE alongside a short list of assets the firm believes the market has not yet fully priced.

For investors monitoring the DeFi and on-chain derivatives space, the Bitwise framing suggests the valuation gap is structural rather than a short-term dip — a thesis worth tracking as the platform's volume and fee revenue data continue to…