Savvy traders view Hyperliquid as one of the most promising emerging projects in the cryptocurrency space. With the continued bullish trend, Matt Hougan, Bitwise's chief investment officer (CIO), is confident in the asset's future performance. Although Hyperliquid currently has a market value of $20.24 billion, the Bitwise executive believes the asset is expected to be valued at $200 trillion over the next decade, driven by strong investor demand and rising institutional adoption. During the year alone, HYPE's price has doubled from the US$39.2 recorded on March 28 to US$80.32 traded today (September 12), an increase of as much as 205%.
Hogan predicts that Hyperliquid will have a market value of US$100 trillion
Despite strong growth, Hogan said that investors are still underestimating Hyperliquid's market potential. In a podcast he shared today, he pointed out that HYPE will become one of the best performing large-cap crypto assets in the next few years and has already achieved outstanding performance in 2026.
On the show, he firmly believes that Hyperliquid's adoption rate will increase significantly. He shared two key reasons why Hyperliquid is expected to reach a market value of $100 trillion over the next decade.
Hyperliquid's ambition to build a "super app"
First, Hogan acknowledged that Hyperliquid is evolving into a "Super App"(a one-stop comprehensive platform), which is exactly the direction Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), envisioned last year. On November 12, 2025, the chairman of the SEC shared his vision for capital markets over the next five years, predicting that all markets will shift operations to the chain. He also predicted the emergence of super-applications in the financial sector, namely issuing and trading multiple investment assets under a single regulatory license.
According to Hou Gen, Hyperliquid responds to competition and achieves this goal through this unique way. He said that although Hyperliquid originally started as a crypto-perpetual futures exchange, it has been evolving. The platform is committed to expanding its ecosystem to accommodate different financial assets, including traditional capital instruments such as stocks, S & P 500 futures, commodities, etc., positioning itself as the next generation super application.
Embrace global regulation, not just U.S. regulation
Finally, based on his second reason, Hogan pointed out that Hyperliquid is not only becoming a super app, but also becoming a regulated platform designed to provide trading opportunities in multiple asset classes to global clients. According to his statement, the platform is still in the process of maturing. Currently, Hyperliquid is preparing to open it up to U.S. customers and arrange for integration into the U.S. regulatory framework by working with the Commodity Futures Trading Commission (CFTC). This is critical because strict regulatory enforcement will drive global adoption and help it become one of the fastest growing financial institutions in the world.

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