Bullish
Grayscale Forecasts Hyperliquid Protocol Revenue to Hit $1B by 2027
2026-07-29 18:33:06
Grayscale projects Hyperliquid revenue growth to $1B by 2027, citing undervaluation vs FinTech. Risks include supply expansion and recent 29% price retracement.
Woofun AI reports that Grayscale Research estimates Hyperliquid protocol revenue will reach approximately $1 billion by 2027, representing a 20% increase from 2025 levels. Using an Earnings per Token methodology, the firm calculates a forward Price-to-Earnings ratio of 15 to 18 times based on current HYPE pricing, deeming it undervalued relative to traditional FinTech equities.
The analysis projects HYPE circulating supply to rise to 270-310 million tokens by late 2027, yielding an Earnings per Token of $3.25-$3.75. Grayscale identifies slower revenue growth and rapid token expansion as primary risks, noting that HYPE has dropped 29% from its June peak amid institutional unstaking and outflows.
WOOFUN AI
Impact Assessment · Quick Read
This valuation framework bridges traditional finance metrics with crypto-native assets, potentially attracting institutional capital seeking familiar risk-reward structures. If Hyperliquid meets its revenue targets, the low P/E multiple could drive significant repricing, though token inflation remains a key dilution factor. The current price weakness presents a contrarian entry point for long-term holders, provided protocol fundamentals hold against supply expansion.
Generated by WOOFUN AI · For reference only, not investment advice
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