As Hyperliquid continues its unstoppable ascend to become the new goโto venue for 24/7 real word assets (RWAโs) and macro risk, BitMEX co-founder Arthur Hayes is doubling down on his prediction that $HYPE, Hyperliquid native token, will surge to $150 by August 2026.
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HYPE Is Taking Over
Pretty impressive that oil contracts are trading $1.5bn a day. $HYPE is taking over. See you at $150. ๐๐๐๐ pic.twitter.com/rD5cdBw0UL
โ Arthur Hayes (@CryptoHayes) March 20, 2026
After the essay he published on his Substack on March 9, Hayes predictions are now supported by new evidence: not only are oil perpetual contracts trading $1.5bn a day on the platform, as the trader demonstrated on a post published today on the social media X, but new data from research outlet Coin Bureau also highlights that this all-time high open interest means that the platform is now trading more volume in tokenized commodities than digital assets. Oil, gold and silver now account for more than crypto in Hyperliquid.
๐จBREAKING: Hyperliquid now trades MORE oil, gold, and silver than crypto.
Combined HIP-3 open interest surpassed $1.5 BILLION, an all-time high.
The platform is processing more volume in tokenized commodities than digital assets.
The 24/7 advantage is pulling volume fromโฆ pic.twitter.com/pp4Etq0mk9
โ Coin Bureau (@coinbureau) March 20, 2026
Hayesโ logic is straightforward: if Hyperliquid establishes itself as the primary venue for aroundโtheโclock oil and macro trading, then HYPE effectively becomes the highโbeta way to own that growth in onโchain volume and fees. In other words, every spike in real activity on the exchange, from warโdriven oil hedging to broader RWA speculation, feeds back into the tokenโs value capture, turning HYPE into a leveraged expression of Hyperliquidโs market share and revenue trajectory.
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The Geopolitical-Driven Intertwinement Of Hype And Oil
Oil has been on a warโdriven tear this week, with benchmark Brent crude spiking toward the $120 mark after Israeli strikes on Iranian energy infrastructure and fresh threats to facilities across the Gulf. The conflict has effectively injected a hefty risk premium into crude, as attacks on export terminals, refineries and shipping lanes around the Strait of Hormuz raise the odds of prolonged supply disruptions. Prices are now hovering near tripleโdigit levels after an initial surge of roughly $40โ50 percent since the Iran war began, and intraday moves have turned extremely volatile as traders try to handicap whether the fighting escalates into a broader regional energy shock
WTI Crude Oil trades for almost $95 on the daily chart. Source: OILUSD on TradingView
HYPE has been on a warโdriven tear of its own, grinding higher alongside crude. After a sharp impulse move that pushed the token into the lowโ$40s this week, intraday swings have widened and funding has turned choppy, reflecting aggressive positioning on both sides of the book rather than a slow, organic grind. Even so, $HYPE is still trading several hundred percent above its levels from last year, and each fresh spike in oilโlinked perp volume on Hyperliquid is being read as confirmation that the token remains a highโbeta proxy on growing onโchain demand for geopolitical and commodities exposure.
HYPE trades for almost $40 on the daily chart, a slight surge from yesterday. Source: HYPEUSDT on Tradingview
Cover image from Perplexity, OILUSD and HYPEUSDT chart from Tradingview
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