Grayscale (@Grayscale): $HYPE trades at a forward multiple of ~15-18x.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- HYPE+70Positive
$HYPE trades at a forward multiple of ~15-18x. @HyperliquidX has real cash flows, so it can be valued like a stock, but on earnings per token, not earnings per share. On that basis it still looks cheap versus fintech peers like $COIN, $HOOD and $CRCL. Learn more on the Stack: https://www.grayscale.com/the-stack/hyperliquid-is-still-cheap-versus-its-fintech-peers