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Bitwise calls HYPE the "second-generation" crypto asset, still undervalued by the market

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ME News, May 20 (UTC+8): Bitwise Chief Investment Officer Matt Hougan said that although Hyperliquid’s native token HYPE has risen 77% since the beginning of this year, making it one of the best-performing large-cap crypto assets in 2026, its value is still undervalued by the market. Hougan believes the market still sees Hyperliquid as a rapidly growing cryptocurrency perpetual contract exchange, but its real potential lies in becoming a global trading super app that covers stocks, pre-IPO assets, commodities, prediction markets, and cryptocurrencies. He expects that on the Hyperliquid platform, the share of trading volume coming from non-cryptocurrency assets will further increase from nearly half to 70%. Bitwise has recently launched an exchange-traded fund based on HYPE and plans to use part of the management fees to continue adding to its HYPE holdings. (Source: ODAILY)
HYPE-6.98%
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