POPA ReconMulticoin sees HYPE at $319 by 2028
Multicoin sees HYPE at $319 by 2028 Multicoin Capital dropped a full HYPE valuation - and it's one of their largest liquid-fund bets. The thesis: Hyperliquid is on track to become a single exchange for any asset, anytime, anywhere. • Scale: $873M revenue on $2.9T volume in 2025, users up from 301K to 923K • Dominance: it now holds 59% of all DeFi perp open interest - its $9.6B OI beats every onchain rival combined • Eating CEX share: monthly perps volume is 17% of Binance's, up from basically zero two years ago • Beyond crypto: HIP-3 added a licensed S&P 500 perp (>$100M daily volume in week…
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