Can Hyperliquid Overtake Ethereum? Arthur Hayes Believes HYPE Could Outperform Any Top Ten Crypto By 2027

The article covers Arthur Hayes’ bullish push for Hyperliquid’s HYPE token — highlighted by a $100,000 charitable wager that HYPE will outperform any current top‑10 crypto (Samani picked Solana). HYPE recently hit new highs (above $73) after a short squeeze, elevated social dominance and >$1.92B in futures open interest. Supporters cite Hyperliquid’s large share of decentralized perpetuals (roughly 70–80%) and ~ $3 trillion annualized trading volume as evidence of its market impact. Analysts debate whether HYPE could realistically “overtake” Ethereum; most acknowledge HYPE’s strengths in derivatives but note Ethereum’s entrenched network effects. The piece frames the story as a performance comparison with mixed market sentiment.