As Hyperliquid continues its unstoppable rise to become the new place for 24/7 real word assets (RWAs) and macro risk, BitMEX co-founder Arthur Hayes is doubling down on his prediction that $HYPE, Hyperliquid’s native token, will rise to $150 by August 2026.
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HYPE takes over
Pretty impressive that oil contracts trade $1.5 billion a day. $HYPE takes over. See you for $150. 😘😘😘😘 pic.twitter.com/rD5cdBw0UL
— Arthur Hayes (@CryptoHayes) March 20, 2026
After the essay, he published on his Substack on March 9Hayes predictions are now supported by new evidence: not only are oil perpetual contracts trading at $1.5 billion per day on the platform, as the trader pointed out in a post published today on social media Oil, gold and silver now account for more than crypto in Hyperliquid.
🚨BREAKING: Hyperliquid now trades MORE oil, gold and silver than crypto.
Combined HIP-3 open interest surpassed $1.5 BILLION, an all-time high.
The platform handles more volume of tokenized commodities than digital assets.
The 24/7 advantage is that volume is extracted from… pic.twitter.com/pp4Etq0mk9
— Muntbureau (@coinbureau) March 20, 2026
Hayes’ logic is simple: if Hyperliquid establishes itself as the premier platform for 24-hour oil and macro trading, then HYPE essentially becomes the high beta way to own that growth in on-chain volume and fees. In other words, every spike in real exchange activity, from war-induced oil hedging to broader RWA speculation, feeds back into the token’s value capture, making HYPE leverage Hyperliquid’s market share and revenue trajectory.
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The geopolitically driven interrelationship of hype and oil
The oil sector has gone through a war-induced tear this week, with Brent crude hitting the $120 mark after Israeli attacks on Iran’s energy infrastructure and new threats to facilities in the Gulf. The conflict has effectively injected a hefty risk premium into crude oil, as attacks on export terminals, refineries and shipping lanes around the Strait of Hormuz increase the likelihood of long-term supply disruptions. Prices are now hovering near triple-digit levels after an initial surge of roughly 40 to 50 percent since the start of the Iran war, and intraday moves have become extremely volatile as traders try to stall or the fighting escalates into a broader regional energy shock
WTI Crude Oil trades for almost $95 on the daily chart. Source: OILUSD on TradingView
HYPE has been through its own war and has continued to rise alongside crude oil. After a sharp momentum move that pushed the token into the low $40s this week, intraday swings have widened and funding has become choppy, reflecting aggressive positioning on both sides of the book rather than a slow, organic grind. Yet $HYPE is still trading several hundred percent above last year’s levels, and any new spike in oil-related perp volume on Hyperliquid is read as confirmation that the token remains a high beta indicator for growing demand for geopolitical and commodity exposure.
HYPE trades for almost $40 on the daily chart, a slight surge from yesterday. Source: HYPEUSDT on Tradingview
Cover image of Tradingview’s Perplexity, OILUSD and HYPEUSDT chart