Grayscale: HYPE's Forward P/E Ratio at 15-18x, Undervalued vs Fintech Peers on July 29

HYPE-1.67%
COIN0.20%
HOOD-3.01%
CRCL-2.10%
According to Grayscale on July 29, Hyperliquid (HYPE) trades at a forward price-to-earnings ratio of approximately 15-18x and remains undervalued compared to fintech peers including Coinbase, Robinhood, and Circle. Grayscale noted that HYPE generates real cash flows and can be valued like a stock based on earnings per token. According to HTX market data, HYPE is currently trading at $55.
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