Cantor Fitzgerald just released a 62-page report on Hyperliquid, HYPE, & its DATs
In their 10-year model, they estimate a 50x multiple on $5 billion in annual revenue for a HYPE market cap of $200+ billion
They initiate coverage on both PURR & HYPD with a rating of "overweight", i.e. to outperform
A really solid report that demonstrates a deep understanding of both Hyperliquid & the perp DEX landscape!
