HYPE vs. a fundamentals-implied price zone
Below the entire peer range
Trading at $56.36; listed-exchange P/E multiples applied to HYPE's own measured earnings imply $79.7–$105.15 (median $96.1)
Fundamentals-implied price zone
Arithmetic, not a forecast: today's CME/ICE/Nasdaq/Cboe P/E range, multiplied by HYPE's own annualized earnings per token (HYPE's reported revenue, following DefiLlama's own accounting convention).
HYPE price today
$56.36
Discount zone below
$79.7
at peer-low P/E 22.6x
Peer-median implied
$96.1
at peer-median P/E 27.2x
Premium zone above
$105.15
at peer-high P/E 29.8x
HYPE today
$0$79.7 discount line$105.15 premium line$120.92
Read this carefully. A protocol token carries risks a regulated exchange doesn’t — smart-contract failure, regulatory action, a competing chain taking share — which can justify HYPE trading at a structurally lower multiple than CME or ICE forever, not just today. This panel tells you where the number sits relative to peers; it does not tell you whether the gap is a bargain or a deserved discount — that judgment is yours to make.