Bitwise calls HYPE a ‘Gen 2’ crypto token, says its undervalued
The Block
Bitwise CIO Matt Hougan views Hyperliquid’s HYPE token as an undervalued asset with significant growth potential beyond the cryptocurrency market.Summary
Bitwise Chief Investment Officer Matt Hougan characterizes Hyperliquid's HYPE token as an undervalued 'Gen 2' asset. Despite strong performance, Hougan argues that the market fails to recognize Hyperliquid's potential as a global 'super-app' for diverse assets, including equities, commodities, and prediction markets. He highlights a robust tokenomics model where 99% of trading fees facilitate HYPE buybacks, and anticipates that non-crypto asset volume will reach 70% of the platform's total activity.
(Source：The Block)