Citrini Research Calls Hyperliquid’s HYPE an Attractive Investment
Summary
- Citrini Research said Hyperliquid (HYPE) is a promising investment and a digital-asset project worth watching.
- Hyperliquid is generating about $1.06 billion in annual fee revenue and has carried out about $2 billion of HYPE buybacks using 90%% of fee revenue generated since January 2025.
- CoinDesk said the buyback model could come under pressure if derivatives trading volume declines, and that maintaining leadership in the on-chain derivatives market will be the key variable in valuing HYPE.
Forecast Trend Report by Period
Citrini Research, which drew market attention in February after warning of possible overheating in the artificial intelligence sector, has identified Hyperliquid’s HYPE token as a promising investment.
CoinDesk reported on June 8 that Citrini Research, in a report, named Hyperliquid as a digital-asset project worth watching.
According to the report, Hyperliquid is generating about $1.06 billion in annual fee revenue.
It has also used 90% of the fee revenue generated since January 2025 to buy back about $2 billion worth of HYPE, the report said.
Hyperliquid currently leads the on-chain perpetual futures market, accounting for more than half of trading volume.
CoinDesk said the current buyback model could come under pressure if derivatives trading volume declines.
It added that major exchanges including Coinbase and Kraken are expanding into the market after the U.S. Commodity Futures Trading Commission effectively allowed companies to launch perpetual futures products.
Market participants say whether Hyperliquid can maintain its lead in the on-chain derivatives market will be the key variable in valuing HYPE.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
