Key highlights:
- Citrini Research called Hyperliquid one of crypto’s most compelling investments due to its cash flow and buybacks.
- The firm argues HYPE benefits from a revenue model that continuously converts trading activity into token demand.
Citrini Research turns bullish on Hyperliquid
Citrini Research, the influential research firm known for its thematic market calls, has identified Hyperliquid and its native much of the broader crypto treasury sector.
That divergence has helped strengthen the narrative that Hyperliquid is evolving beyond a niche trading platform into one of crypto’s most closely watched ecosystems.
Why Wall Street is paying attention
For years, many institutional investors struggled to evaluate crypto assets using traditional valuation frameworks.
Hyperliquid’s growing revenue base may be changing that conversation.
The protocol has generated more than $1 billion in annualized fees and processes hundreds of billions of dollars in trading volume, creating measurable economic activity that investors can analyze.
That is a major reason why Citrini believes HYPE differs from what it described as the “memetic majority” of crypto assets. Rather than depending solely on speculative demand, Hyperliquid’s token economics are tied directly to platform usage and revenue generation.
Whether that model can continue delivering outsized returns remains to be seen.
For now, however, Hyperliquid has gained something many crypto projects spend years trying to achieve: attention from a research firm whose calls are increasingly being watched across both Wall Street and digital asset markets.
Source:: Hyperliquid Gains Wall Street Attention as Citrini Research Calls HYPE a ‘Compelling’ Investment