<div id="readability-page-1" class="page"><div><ul><li>Bitwise said Hyperliquid’s HYPE token is one of the most undervalued crypto assets.</li><li>The investment management firm argued investors are underestimating Hyperliquid’s ambitions beyond crypto into equities, commodities and prediction markets.</li><li>HYPE’s token buyback model makes it more comparable to firms like Robinhood or CME than traditional DeFi projects, the report said.</li></ul></div></div>

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<p>Bitwise has identified Hyperliquid’s HYPE token as one of the most undervalued crypto assets, suggesting that investors are overlooking its potential expansion into equities, commodities, and prediction markets. The firm's token buyback model positions HYPE more similarly to companies like Robinhood or CME rather than typical DeFi projects.</p>

- Bitwise stated that Hyperliquid’s HYPE token is significantly undervalued among cryptocurrencies.  
- The firm emphasized that investors are overlooking Hyperliquid’s plans to expand into equities, commodities, and prediction markets.  
- According to the report, HYPE’s token buyback model aligns it more closely with companies like Robinhood or CME rather than typical DeFi projects.

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Hyperliquid’s HYPE one of crypto’s most undervalued assets, says Bitwise