SvmuuNews Bitwise Chief Investment Officer Matt Hougan stated that although Hyperliquid's native token HYPE has risen 77% so far this year, making it one of the best-performing large-cap crypto assets in 2026, its value is still underestimated by the market.
Hougan believes that the market currently still views Hyperliquid as a fast-growing crypto perpetual contract exchange, but its true potential lies in becoming a global trading super-app covering stocks, Pre-IPO assets, commodities, prediction markets, and crypto assets.
He expects the proportion of non-crypto asset trading volume on the Hyperliquid platform to further increase from nearly half to 70%. Bitwise recently launched an exchange-traded fund based on HYPE and plans to use part of the management fees to continue accumulating HYPE.