Less than 2 years left to buy Hyperliquid – And that’s the bullish case!

ambcryptoPublicado em 2025-10-18Última atualização em 2025-10-19

Key Takeaways

Is HYPE heading toward a supply crunch?

Yes. With less than two years needed to buy back all liquid supply, demand is outpacing availability.

Why is HYPE popular right now?

Its strong earnings, dominant market share, and aggressive buybacks make it a top DeFi growth token.


Hyperliquid [HYPE] has jumped to the top of the perpetual DEX market, and is pulling ahead of fast-growing rival Aster [ASTER].

As token supply continues to fall and demand stays strong, a supply crunch may be just around the corner.

Hyperliquid dominates DEX space

At press time, Hyperliquid led the perpetual DEX market with a massive $5 billion in total value locked (TVL), commanding over 60% market share.

HyperliquidHyperliquid

Source: X

Despite its strong lead, competitors are closing in. Aster surged past $655 million, briefly nearing the $2 billion mark earlier this quarter, while Lighter and edgeX are also showing steady growth.

Strong growth for HYPE

Building on its TVL dominance, Hyperliquid’s fundamentals remain strikingly solid.

HYPERLIQUIDHYPERLIQUID

Source: X

With a P/E ratio of just 2, it’s slowly becoming one of the most efficient growth plays in the DeFi space.

The latest data shows it would take less than two years (1.94 years) for Hyperliquid to buy back its entire ready-for-sale supply, backed by $4 million in daily revenue and a $35.37 token price.

Source: X

This short buyback period is an obvious indicator of powerful earnings momentum and confidence in the token.

Buyback speeds up rebound hopes

Hyperliquid’s ongoing buyback program has accumulated an impressive $521.85 million since March 2025, repurchasing 15.26 million HYPE tokens; about 5.64% of the circulating supply.

The accumulation, funded through protocol fees, proves strong treasury activity despite recent price dips.

HyperliquidHyperliquid

Source: X

AMBCrypto previously reported that Hyperliquid is strategically buying back HYPE around the $30-$35 zone, a range that has so far sparked price recoveries.

While the market remains cautious, derivative whales are showing greater interest. This means that these buybacks could soon restore confidence and trigger a potential price reversal as supply continues to tighten.

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