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Two U.S. listed companies will include HYPE in their balance sheets, and Hyperliquid's valuation may reach $25.9 billion.
[Coin World] The US-listed company Lion Group Holding and Eyenovia announced that they will incorporate Hyperliquid's native Token HYPE into their balance sheets, becoming the first traditional enterprises to list DeFi project Tokens as strategic reserve assets. Hyperliquid's recent Builder Code revenue is approaching $10 million, a mechanism that allows developers to charge fees on user transactions, with cumulative revenue currently reaching $9.5 million. Analysis shows that if referring to payment industry valuation multiples, HYPE's implied valuation could reach $25.9 billion (approximately $76 per coin), a 72% increase from the current $44. Hyperliquid is transforming from a trading protocol to a digital asset financial infrastructure, and its Builder Code mechanism has attracted the attention of potential large platforms, including a certain trading platform.