Cantor Report Hints at Hyperliquid HYPE Potential Surge to $121-$200 Despite Rivals

The Hyperliquid HYPE token, currently trading around $27 after a 50% decline in 2025, shows strong long-term potential according to Cantor Fitzgerald. Projections indicate it could reach $121 to over $200 in the coming years, driven by 15% annual DEX volume growth and substantial fee generation for buybacks.

• Hyperliquid DEX volume expected to grow at 15% annually, generating $20 billion in fees over 10 years.
• Token buybacks from fees could value HYPE at 22.9x to 50x multiples of annualized fees.
• Competition from platforms like Lighter and Aster has reduced market share to 17%, but experts view it as overblown for long-term prospects, with 60% dominance in May now challenged.

What is the Hyperliquid HYPE Price Prediction for 2025 and Beyond？

Hyperliquid HYPE price prediction suggests significant upside despite current challenges, with the token hovering around $27 after a more than 50% drop in 2025. Investment bank Cantor Fitzgeralds analysis projects HYPE could trade at a 22.9x to 50x multiple of annualized fees, potentially reaching between $121 and over $200 per token in the next few years. This forecast is based on anticipated 15% annual growth in Hyperliquid DEX volume, leading to $20 billion in fees over the next decade, most of which will fund token buybacks.

Source: Cantor

Hyperliquid, a leading decentralized exchange (DEX) focused on perpetual futures, has positioned itself as a powerhouse in the crypto derivatives space. Its native token, HYPE, powers the ecosystem through governance, staking, and fee mechanisms. The platforms evolution into a dominant perpetuals hub with centralized exchange (CEX)-level features has attracted substantial trading volume, but recent market dynamics have tested its resilience.

How is Competition Impacting Hyperliquids Market Share？

New entrants like Lighter and Binance Labs-backed Aster are intensifying rivalry in the perpetuals DEX sector, contributing to Hyperliquids market share decline from 60% in May to just 17% currently. This 40% drop reflects increased fragmentation as users chase incentives across platforms. Data from Dune Analytics highlights this shift, showing Hyperliquids dominance waning amid broader adoption of competing protocols.

Source: Dune

Despite these pressures, Cantor Fitzgerald downplays the long-term threat, describing competitive fears as overblown. The report notes that much of the shift stems from “point tourists” migrating between platforms for rewards, rather than fundamental weaknesses in Hyperliquid‘s infrastructure. Analysts emphasize that HYPE-focused initiatives, such as those from Hyperliquid Strategies and Hyperion DeFi, will bolster adoption and stabilize the ecosystem. Expert commentary from Cantor underscores the platform’s robust on-chain liquidity and advanced order book, which continue to differentiate it from rivals.

Hyperliquid‘s technology stack, built on its own Layer 1 blockchain, enables high-throughput trading with minimal latency, mirroring the efficiency of top CEXs like Binance or Bybit. This has sustained billions in daily volume peaks, even as competition heats up. Market data indicates that while short-term sentiment may suffer, the protocol’s fee accrual model remains a key strength, directly benefiting HYPE holders through buybacks and burns.

Frequently Asked QuestionsWhat Are the Key Bullish Catalysts for Hyperliquid HYPE Token in 2025？

The potential launch of U.S. spot HYPE exchange-traded funds (ETFs) stands out as a major catalyst, which could reverse the token‘s 54% losses this year and enhance institutional interest. Additionally, the Hyperliquid Foundation’s proposal to burn 37 million tokens from the buyback program would eliminate 13% of circulating supply, creating deflationary pressure to support price appreciation amid ongoing monthly unlocks.

Source: X

Will the $25 Support Level Hold for Hyperliquid HYPE Amid Short-Term Volatility？

Current price action around $27 remains precarious, with a key support at $25 that could trigger liquidations if breached, including a major whales $60 million long position. Liquidation heatmaps from CoinGlass reveal liquidity clusters at $25.8 downside and $30.4 to $31.5 upside, suggesting potential volatility sweeps in the coming week that test these levels.

Source: CoinGlass

Key Takeaways

• Cantor Fitzgeralds Hyperliquid HYPE price prediction: Long-term growth to $121-$200 driven by fee buybacks, dismissing competition as temporary.
• Market share challenges: Decline to 17% from rivals like Lighter and Aster, but platform fundamentals remain strong with CEX-like features.
• Bullish actions: ETF launches and a 13% token burn proposal could counter 2025 losses and stabilize prices above $25 support.