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$HYPE Market value is expected to surpass Dogecoin, entering the top ten.
HYPE is currently ranked 13th, with a market value of $9.73 billion.
DOGE is ranked 10th, with a market value of $14.03 billion.
My view is: HYPE will enter the top 10 by the end of 2026.
Hyperliquid is the king of on-chain perpetual coins. It occupies about 70% of the decentralized perpetual coin market, with daily trading volumes typically exceeding $7 billion to $10 billion, and the total trading volume is expected to surpass $30 trillion by 2025.
97-99% of protocol trading fees go directly into the assistance fund for the automatic repurchase of HYPE from the open market.
Then most of the funds will be permanently destroyed.
In recent days, through buybacks, 30,000 to 49,000 HYPE have been destroyed in a single day, and even after unlocking, the net supply still decreases (for example, net removal of about 17,000 tokens in one day).
Over time, this has removed over $1 billion of speculation from circulation.
More products (stocks, indices, risk-weighted assets, prediction markets) + HyperEVM growth = larger trading volume → higher fees → stronger buybacks and destruction. Real income, not speculation.
If this flywheel effect continues, it is very likely to leap into the top 10, surpassing DOGE by 2027.
#GateLaunchesPreIPOS