HYPE Price Jumps 7% as Hyperliquid Hits $1.4B RWA Volume

Key Insights:

• HYPE price surpassed the $37 level today with an intraday gain of 7%.
• Hyperliquid’s RWA trading volume surpassed $1.4 billion over the weekend, marking a new milestone for the platform.
• Bitwise’s Matt Hougan and Arthur Hayes shared an optimistic outlook for the project.

Derivatives exchange Hyperliquid’s HYPE crypto surged on Thursday when trading volumes on the platform ramped up. HYPE price soared by over 7% today. Moreover, multiple industry participants have now begun to mention HYPE’s rising significance in crypto markets.

HYPE Price Soars as RWA Trading Intensifies on Hyperliquid

HYPE price hit $37.09 on Thursday, March 12. It registered a 7.57% increase in the last 24 hours. The market capitalization of HYPE surged to $9.54 billion, up by 7.54%. Meanwhile, the 24-hour trading volume reached $465.13 million, up by 55.52%. Earlier this week, Hyperliquid price rallied 11% as spot inflows gushed in.

HYPE Price Chart | Source: TradingView

The HYPE price action was accompanied by increased activity on the Hyperliquid platform involving real-world asset (RWA) trading. In their post on X, Hyperliquid reported that trade in RWA in the exchange has been witnessing new highs. The platform posted:

The exchange further provided that its markets are operational, as traditional financial markets are shut. It stated that 24/7 price discovery on oil, metals, indices, and other valuable commodities is best done on the platform when traditional markets are closed. This move is termed as taking an important step towards housing all of finance.

Bitwise CIO Lauds Hyperliquid as Global Markets Face Uncertainty

The discussion on Hyperliquid’s always-open trading environment caught the eye of industry leaders. Matt Hougan, Chief Investment Officer at Bitwise, noted the platform’s availability during major geopolitical developments as the Iran-Israel-US war shook global markets.

Hougan stated most of the world’s financial markets were not open when U.S. President Donald Trump announced a military strike on Iran earlier this month. He wrote:

Arthur Hayes Predicts Hyperliquid Crypto Price to Hit $150

In a recent report, crypto entrepreneur Arthur Hayes indicated an optimistic future for Hyperliquid and HYPE price. Hayes pointed out that 97% of Hyperliquid’s protocol revenue is used to buy back HYPE tokens, which channels most of the platform’s earnings to token holders.

Referring to DefiLlama data, he claimed that Hyperliquid became the largest revenue-generating project in the non-stablecoin sphere. Furthermore, the report mentioned that the exchange previously reached a $1.4 billion annualized revenue run rate based on 30-day earnings.

Hayes is convinced that this figure could be attained again if trading volumes were to increase.

His model estimates that revenue would increase by $843 million to $1.4 billion over the next few months. Another point to note is the HIP-3 permissionless listing system. It enables people who have staked 500,000 HYPE tokens to create new perpetual markets.

It could act as a key growth driver as more markets could lead to a surge in trading volume. That could positively affect the revenue model.

Based on these assumptions, Hayes wrote, “My August 2026 target price for $HYPE is $150.” If HYPE price reaches this target, it would materialize a whopping 305% gain from current levels.

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