At the recent WebX summit, a bold prediction attracted widespread attention. Speaker Arthur Hayes stated that the HYPE Token of the Hyperliquid project may have a potential rise of 126 times. This astonishing prediction is based on the project's ambitious stablecoin expansion strategy.

Hayes believes that by 2028, the global supply of stablecoins is expected to reach an astonishing scale of $10 trillion. In this context, Hyperliquid is expected to capture 26.4% of the market share, which means its average daily trading volume could rise to $2.636 trillion, far exceeding the current level of $11.9 billion.

Based on a net trading fee rate of 0.03%, Hyperliquid's annual revenue could reach $25.8 billion, representing a significant leap. Currently, the fully diluted valuation of the HYPE Token is approximately $41.05 billion. If a discount rate of 5% is applied, its terminal revenue value is expected to be $5.161 billion.

However, we should also note that while such predictions are exciting, there are still many uncertainties. The high volatility of the cryptocurrency market, changes in the regulatory environment, and the unpredictability of technological developments can all impact this prediction.

Regardless, Hyperliquid's ambitious expansion plan undoubtedly demonstrates the enormous potential of the stablecoin market. As the digital economy continues to develop, the role of stablecoins in the global financial system may become increasingly important. In the coming years, we will be watching to see if Hyperliquid can achieve this ambitious goal and become a new giant in the stablecoin market.