As Hyperliquid continues its unstoppable rise to become the new destination for 24/7 real-word assets (RWA’s) and high risk, BitMEX co-founder Arthur Hayes is doubling down on his prediction that $HYPE, Hyperliquid’s native token, will rise to $150 by August 2026.
Related Reading
The HYPE Takes Over
It’s amazing that oil contracts trade $1.5bn a day. $HYPE takes over. See you at $150. 😘😘😘😘 pic.twitter.com/rD5cdBw0UL
— Arthur Hayes (@CryptoHayes) March 20, 2026
After the article he published in his Substack on March 9, Hayes’s predictions are now supported by new evidence: not only are oil contracts trading $1.5bn per day on the platform, as the trader showed in a post published today on social media X, but new data from the research site Coin Bureau also highlights that this open interest of all time means that the platform is now used for a lot of digital commodity trading. Oil, gold and silver are now worth more than crypto on Hyperliquid.
🚨BREAKING: Hyperliquid now trades oil, gold, and silver MORE than crypto.
Combined HIP-3 open interest exceeded $1.5 BILLION, an all-time high.
The platform processes more volume in tokenized assets than digital assets.
24/7 profit pulling volume from… pic.twitter.com/pp4Etq0mk9
– Coin Bureau (@coinbureau) March 20, 2026
Hayes’ logic is straightforward: if Hyperliquid proves to be the main place to trade oil almost hourly, then HYPE becomes a high-beta way to own that growth in on-chain volume and payments. In other words, every uptick in real activity on the exchange, from war-driven oil hedging to broad RWA speculation, feeds back into the token’s valuation, turning HYPE into a powerful indicator of Hyperliquid’s market share and revenue trajectory.
Related Reading
The Geopolitical-Driven Intertwinement Of Hype And Oil
Oil has been suffering from war this week, with Brent crude reaching the $120 mark after Israel’s attack on Iran’s energy infrastructure and new threats to facilities in the Gulf. The conflict has effectively put the risk at risk, as attacks on export facilities, refineries and shipping lanes around the Strait of Hormuz raise the possibility of long-term supply disruptions. Prices are now rising near triple-digit levels after the first increase of 40-50 percent since the start of the war in Iran, and daily movements have turned more difficult as traders try to paralyze that the fighting escalates into a shock to regional powers.
WTI Crude Oil trades for almost $95 on the daily chart. Source: OILUSD on TradingView
HYPE has been tearing itself apart driven by war, grinding with another jaw. After a sharp move that pushed the token to the low $40s this week, intraday volatility has widened and support has turned tight, indicating a strong stance on both sides of the ledger rather than a slow, organic grind. Nevertheless, $HYPE is still trading several hundred percent above its levels from last year, and each new spike in perp volume linked to oil in Hyperliquid is read as confirmation that the token remains a high-beta proxy for the growing on-chain demand for political exposure and assets.
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
